Fiscal Distress in Local Government, with Vijay Kapoor

We're joined this week by Vijay Kapoor, Chief of Staff to the Receiver for the City of Chester, Pennsylvania. He talked to us about his background working with municipalities facing fiscal distress, and how his staff is taking a comprehensive approach to receivership in Chester, especially with their efforts to monetize the Chester Water Authority while still keeping it in the hands of the public. In Ripped from the Headlines, we delve into a piece from our very own Liz Farmer (Long Story Short), where we discuss the pros and cons of privatizing a water utility, including the role of Fair Market Value (FMV) legislation.