Local Western government suffers more than other regions
The coffers of Western municipalities have suffered more during the recent economic downturn than those of cities in the Midwest, South or Northeast, according to a Sept. 15 report by the Washington, D.C.-based National League of Cities.
Local government and the services it provides to residents aren’t immune to the perfect fiscal storm of foreclosures, rising energy and health care costs and lowering home values, as The Denver Business Journal reports:
Seventy-four percent of finance officers in Western cities said that their municipalities are worse off in 2008 than they were in 2007, according to the latest City Fiscal Conditions report by the Washington, D.C.-based National League of Cities (NLC). The West region includes cities in Colorado, Wyoming, Arizona, New Mexico, Nevada and California with populations greater than 10,000.
In this case a sinking tide lowers all boats, including the toy versions floating on the surfaces of community swimming pools.
Like this story? Steal it! Feel free to republish it in part or in full, just please give credit to The Colorado Independent and add a link to the original.
News Literacy Project event: Concerned about online misinformation? The lack of news literacy? You can make a difference by participating in this free workshop! After […]Read More
Cash dropped so far in Colorado’s governor race blows away 2010 and 2014 spending records – combined
With one week to go until the primary, spending in Colorado’s 2018 governor’s race has shattered records – even for spending in general elections in […]Read More