Inertia And Politics Keep Miami In Constant Financial Crisis
Experts say the city of Miami will face ‘a battle every year’ unless its leaders address structural problems with the budget. Hobbled by unimaginative leadership, passive management and petty political gamesmanship , the city careens from one budget shortfall to the next without fixing its fundamental fiscal problems.
Among the city’s chief issues, according to experts: spending beyond its means, ballooning pension costs and failing to generate new revenue. Policy analysts say politics and poor decisions have made matters worse.