Increasing Resources to Local Government

Author(s)
International Council for Local Environmental Initiatives
 
Date
2002
 
Source
 
Abstract
In the mid 1990s, AMC began instituting significant fiscal and management reforms, including improving tax collection, computerizing the accounting system, strengthening AMC’s work force and financial management, and developing a comprehensive capital improvement program.
These reforms laid the necessary groundwork for AMC to issue the first municipal bond issued in India without a state guarantee and enabled AMC
to partner with the business community, NGOs and other organizations to undertake new development initiatives. The bonds represented the
first step toward a fully market-based system of local government finance.
 
Access through the Cases and Simulations Portal from Rutgers SPAA
Download PDF: Increasing_Resources_to_Local_Government

Copyright © 2017, Rutgers, The State University of New Jersey. All rights reserved.