Fall 2021

CRP 380F (01510) MW 9:30am-11am
CRP 380F (01515) MW 12:30pm-2pm 

Local jurisdictions confront a number of crucial issues as they work to plan for and manage urban growth and change.  As urban economies evolve ever more rapidly, how should local governments consider, plan for, and assess investments in public services and facilities to support urban development?  This course provides students with a conceptual framework for considering such investments as well as practical knowledge, tools, and techniques for delivering public services, facilities, and projects.  The class will focus on urban regions and local and state governments, while also addressing the role of federal policy and finance in specific areas of state and local finance.  The learning process in the class will focus on the application of theoretical concepts to urban planning problems and questions. 
 
The first part of the course reviews theories of urban growth and decline.  In the second section, we examine theories underpinning the role of the public sector in advanced market economies.  Part three of the course introduces the processes and practices of public sector budgeting, from needs assessment to budget formulation to management.  In the fourth section, we study the revenue sources used to support municipal expenditures and the characteristics of those revenue mechanisms. We also study how resources and burdens are shared and shifted among different levels of government in the U.S.  The fifth section focuses explicitly on planning and financing capital/infrastructure improvements and on the debt finance instruments available to local governments for supporting capital improvements.  The final course segment explores value capture as an approach to support investment in urban infrastructure and facilities as well as its potential for unintended and potentially inequitable consequences.