Carl Marks Partner Peter Schaeffer Examines Ways to Keep Local Governments Financially Sound in American City & County

A recent article in American City & County, co-authored by Carl Marks Partner Peter Schaeffer and Obermayer Rebmann Maxwell & Hippel Partner and Chairman Charles Golden, points out the financial crisis' impact on local governments, utilities, and school districts. The experts say strong leadership and out-of-the-box thinking is needed to keep these local entities fiscally sound.

Cities and counties are struggling to meet payrolls and maintain the level of essential services that their constituents expect, and many continue to face significant shortfalls in expected revenues. Unfortunately, states find themselves in similar financial straits that greatly affect their ability to provide economic support and services to desperate cities and counties.

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	Peter N. Schaeffer Partner Carl Marks Advisory Group LLC 212-909-8453 \| phone pschaeffer@carlmarks.com