Guest Editors' Note
Issue Dedicated to Memory of John E. Petersen, Part 2
Beverly Bunch, Lisa A. Cole, and Cathy Spain

The Role of the State in Supervising and Assisting Municipalities, Especially in Times of Financial Distress
James E. Spiotto

The Great Recession:
Impacts and Outlook for U.S. State and Local Finance
Robert D. Ebel, John E. Petersen, and Ha T.T. Vu

Benefit Changes and Legal Protections Related to Public Pensions
Paul Zorn

Subnational Finance Outside the United States:
Recent Developments
Maria E. Freire