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8 <br /> <br />activities, establishment of new urban spending ventures, <br />and use of tax incentives to curb urban sprawl and <br />revitalize central city areas. <br /> The Urban Institute's George E. Peterson said states <br />have an obviot,s interest in making the cities competitive <br />with rural and suburban areas for economic development. <br />It "needn't be especially costly, and over the long run (pro- <br />vides) a much more secure base for .cities to rebuild their <br />private economics and not be dependent on other levels of <br />government," he said. <br /> Industrial revenue bonds and tax increment financing <br />are other ways in which state action has bolstered local <br />development. California, Massachusetts and others have <br />"taken some very strong leadership" in urban economic <br />development, says Miles Friedman of the National. Coun- <br />cil for Urban Economic Development (CUED) in <br />Washington, D.C. <br /> Friedman, director of CUED's Division of Legislative <br />and Program Analysis, said noteworthy state initiatives <br />have included business development corporations, <br />technical assistance programs, revolving funds and direct <br />state aid. Other states active in this effort include Illinois, <br />Michigan, Connecticut, Pennsylvania, Indiana and New <br />Jersey, he said. <br /> In addition, he pointed to a "whole new wave of states," <br />such as North Carolina, with smaller cities, which are pro: <br />moting policies that include urban growth and develop- <br />ment aspects. Cities that obtain state technical assistance <br />for development capacity are "going to have a tremendous <br />advantage" in obtaining certain federal funds, such as <br />community development Block grants, Friedman said. <br />High interest rates "... make public-private sector <br />cooperation all that much more important to continued <br />economic development," he said. For all his optimism <br />about recent state actions, however, Friedman is worried <br />that the long effort "to turn the corner on economic <br />development" will be thwarted by program cuts at state <br />and federal levels. <br /> <br /> The Pass-through Role <br /> Two recent studies have underlined the importance of <br />the states in passing through federal money to local <br />governments. The National Governors' Association <br />Center for Policy Research found that "a state-federal <br />partnership in a!locating aid to local jurisdictions has pro- <br />duced greater responsiveness to distressed cities than has <br />federal aid alone." "Because most aid to cities originiates <br />from the state level," the report said, "these findings sug- <br />gest that bypassing state governments with direct federal- <br />local aid may be counterproductive for those who seek <br />greater responsiveness to areas of need." . <br /> In another study, two professors at the University of <br />Missouri (Kansas City), G. Ross Stephens and Gerald W. <br /> <br />Olson, ~so exmined intergovernmental ~d flows. The] <br />concluded that ignoring actual state-local governmem <br />relmionships may contribute to the ineffectiveness of some <br />feder~ ~d programs. <br /> ~q Olson and Stephens point out, "legaCy, the United <br />States h~ a two-tier federal system comprised of state ~d <br />feder~ leve~. ~though the loc~ifies are dependent en- <br />tities of the stmes, the feder~ government often acts ~ if <br />~ere is a three-tier system of government," they s~d. <br />"~eomtic~y, in a two-tier feder~ system it is the job of <br />the nation~ govemmem to relocate resources mong the <br />states, ~d the job of the states to reallocate r~ources <br />mong loc~ ~e~ ~d Ioc~ governments," according to <br />the two. <br /> They also obse~ed that "it appears the states do a much <br />better job of placing these funds (state aid progrms, <br />which included p~s-through funds) with 'active' loc~ <br />governments than do~ direct feder~ to loc~ formula <br />fllocation." <br /> <br /> Problems Ahead <br /> There are, in particular, several major issues which now <br />concern observers of the distressed cities and the inter- <br />governmental aid system. <br /> For some of the older, industrial cities, the major time <br />bomb ticking away is the physical decay of such urban <br />assets as roads, bridges, water mains, sewers, and transit <br />systems. Operation budgets have often drained capital <br />reserve funds, and left cities vulnerable to the deterioration <br />of capital stock as maintenance has been deferred. Reduc- <br />tion in city budgets may, in five to I0 years, produce a <br />"structural crisis" for the cities, according to a Congres- <br />sional Joint Economic Committee study. <br /> States have been expressing more concern about preser- <br />ving this capital investment, notes Peterson of The Urban <br />Institute, and require a review of state aid to insure that a <br />current, temporary financial crunch doesn't become a per- <br />manent fiscal crisis because maintenance is deferred. <br /> This is one example of what Peterson calls the" financial <br />oversight" responsibility of the state for their cities, and he <br />believes that more states will do this "over the next couple <br />of years." <br /> For many states, though, financial oversight of local <br />government has received attention for a number of years. <br />One effort to strengthen this role is the NCSL State/Local <br />Finance Program, which assists state legislatures in im- <br />proving their financial relations with local governments, <br /> <br /> <br />