Deficits Push Municipalities to Desperation

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At www.nytimes.com

Even as there are glimmers of a national economic recovery, cities and counties increasingly find themselves in the middle of a financial crisis. The problems are spreading as municipalities face a toxic mix of stresses that has been brewing for years, including soaring pension, Medicaid and retiree health care costs. And many have exhausted creative accounting maneuvers and one-time spending cuts or revenue-raisers to bail themselves out.

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At www.nytimes.com


 

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LOL!  Where?  For whom?  ... by Sister Begonia on Sunday, Mar 11, 2012 at 7:55:15 PM