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Fiscal Retrenchment And Privatization
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A problem that is always on a city's mind is its economic state. When a city finds that $3.8 million has been misappropriated in different funds, it has to question if it is headed towards a fiscal crisis. With a new mayor and township council, there was an investigation done into the township f ....
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....awing board”. It began that cities hired private companies to take care of mainly water and sewage handling. By 1985, there were 15 municipalities that had hired private companies to take care of their water and waste services. Because of the success of the privatization of those, they expanded to streets, bridges, municipal buildings, and even garages. Today, the privatization has continued to be used for those as well as many more. In a survey done, “80% of US localities are now using th.... |
| Number of words: 574 |
Approximate pages: 3 |
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