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Fiscal Retrenchment And Privatization

Part one of term paper
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 finances. Going back since 1996 there a defic ...

Part two of term paper
... whether they were in fiscal troubleā€. (Knox, 362). This caused many cities to look at their economic standings and see where cut backs could be made and services replaced. In Oakland, the city government closed a fire station and four branch libraries, reduced the police departments money towards investigations, reducing after school programs, eliminating over 100 city jobs, and much more. The idea of volunteerism became a good way to cut back on paying for services, but still keeps the ser ...

Word count: 574 | Approximate pages: 3

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