Thursday, October 7, 2010

Fiscal Woes Deepening for Cities, Report Says

Coopers mentions in this article that cities are seeing that they are in the worst finicial shape then they have ever been since the past quarter century. Ever since the "housing bubble burst" there has been an 1.8% decrease in property tax collections. With sales tax collections decreasing and unemployment, its beginning to take a toll on cities that rely on income-tax revenues. The cities have few ideas to help the situation, but their main options are tax increases and service cuts.

This relates to what we discuss in class especially in chapter 2 when birkland talks about the overall process of policy making and eventually implementing.

Elizabeth Sziler

http://www.nytimes.com/2010/10/07/us/07cities.html?_r=1&ref=us

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