Detroit's Bankruptcy Filing Shakes Local Officials
Monday, July 22, 2013
Detroit's bankruptcy filing last week is a story that has shaken up officials across the country, especially in New Jersey. The cash-strapped city of Camden, for example, continues to face budgetary shortfalls, and recently cut its entire police force in a belt-tightening move.
Marc Pfeiffer, assistant director of the Local Government Research Center at Rutgers University's Bloustein School of Planning and Public Policy, was quoted in a New Jersey Spotlight article, saying that it many ways, Camden was in worse shape than Detroit.
But, he doesn't think cities like Camden, Trenton, and Harrison will wind up in bankruptcy court.
"The state historically has had a significant program of assisting municipalities that are buffeted by economic change," he explained.
To hear host Amy Eddings' full interview with Marc Pfeiffer, click on the audio above.