1. Introduction 2. Inputs: Municipal Fiscal Environments 3. Outputs: Municipal Fiscal Trends 4. Outcomes: Measuring Fiscal Health 5. Outcomes: Measuring Fiscal Stress 6. Outcomes: Municipal Fiscal Condition Trends 7. Policy Actions: Municipal Responses to Fiscal Stress 8. Policy Actions: State Responses to Municipal Fiscal Stress Foreword to Municipal Case Studies 9. Case Study of Flint, Michigan 10. Case Study of Wichita, Kansas 11. Case Study of North Lauderdale, Florida 12. Case Study of Havelock, North Carolina 13. Case Study of Commerce, California 14. Academic and Professional Approaches to Financial Condition Analysis 15. Conclusions and Lessons Learned Appendix A: Pros and Cons of the Census Bureau's Survey of State and Local Government Finances Appendix B: Selected Benchmarks