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Cash Woes Hit Cities Amid Inflation and Slump
Inflation and recession strain city budgets as income falls and demand for basic services rises. Newark Mayor Kenneth Gibson warns higher taxes chase away businesses and homeowners, leaving fewer tax bases to fund services. Bridgeport and Detroit face layoffs, severance costs, and payroll cuts as officials seek savings.
MENTIONED IN THIS ARTICLE
Associated Press
America
Kenneth Gibson
Newark NJ
New York City
Gibson
Bridgeport Com
Nicholas Panuzin
General Services Administration
Pasazio
Bridgeport
John Gunther
U.S. Conference of Mayors
Detroit
Coleman Young
Young