Budget implementation | Business & Finance homework help

After completing the reading, construct a two page minimum paper addressing the following:

1. What were some of the failures in the budget and budget process that led to the dire problems faced by Colorado Springs?

2. What role did the city’s tax & revenue structure play in the budget crisis?

3. How appropriate was the official response by the city to the crisis?

4. What lasting changes (if any) appear to have come about from the crisis?

5. What steps might the city have taken to reduce the severity of the crisis or avoid it altogether?