LocalGovernments

Local Governments: An Economic Bright Spot in the Recession?

Earlier today, I reported on Chicago's city-wide government shutdown on Monday in response to a looming budgetary shortfall of over a half billion dollars. That news, combined with forced furloughs and stagnant property values around the country, paint what should be a grim economic picture for local governments. Instead, not only has overall spending by local governments risen, their revenues have remained almost steady. The reason: the influx of federal stimulus money.So, could local governments be an economic bright spot in the recession? It appears so. USA Today reports that the latest ...

Add Comment

SHARE