In the intro, it is stated that "literally five or less" cities do not have these monetary problems. I'm curious what those cities are, and why are they special. If the answer isn't "they've always used accrual accounting", I don't buy that most cities are doomed due to accounting problems.
The article author Charles Marohn addresses this question in the comments section. His entire comment response: " They are the ones with a very dominant urban core, where the urban fabric overwhelms the horizontal, auto-oriented stuff. I'm not saying these places won't struggle for the same reasons Lafayette will, but I suspect their decline/contraction will be less pronounced, less a defining characteristic. NYC, Bo…
It doesn't really matter where you are, politics state that money is going mostly to people and not into the ground.
San Francisco, where I live, has loads of revenue and a citizenry which approves every single bond measure on the ballot. And we certainly shouldn't be on his list. Infrastructure issues here are never addressed until they hit a crisis level.
Just the other day there was news about how our seawall which contains our entire financial district is in horrible condition[1], and there's "no funding" and the usual blarble about the Feds bailing us out. Is any other city program going to be cut a dime to fix the seawall? No. From a political standpoint it makes more sense to let the city flood than it does to cut off any short-term political gain.
[1]https://www.hoodline.com/2017/01/as-earthquake-threat-to-sea...