Debtwire
This article discusses the continued fiscal strain faced by the City of Harvey, a south Chicago suburb, and a potential need for state intervention. Laurence Msall, President of the Civic Federation, explains the essential changes that have to be made by the city in order to move forward and also discusses the role of the State in this matter. Mentioned in the article is the Civic Federation’s proposal for a Local Government Protection Authority, which would create a quasi-judicial entity to provide financially distressed local governments support for finding alternative solutions to financial challenges before resorting to bankruptcy.