This paper studies with disaggregated budget data how expenditures, revenues, and borrowing evolve in municipalities that receive bailouts. It asks whether higher-level governments enforce austerity measures after bailing out indebted municipalities. The sample consists of 421 municipalities in...

Represents a pioneering attempt to comprehensively explore and assess financial sustainability in Australian local government. While the emphasis falls squarely on Australian local government, Funding the Future draws on extensively on both the international conceptual and empirical literature