Thursday, February 14, 2008

Budget "Gap" coming; Handcuffs for State and Local governments

Two weeks ago, right in the middle of discussion of the Evansville Common Council of the ordinance to allow referendum only for items over 5 million dollars, a person in Asia searched on Google for "handcuffs." Guess what. That person came upon our local story. It is a small world.

The real "handcuff" is the shrinking budget caused by the slowing economy as well as the restricted municipal debt market which due to the perilous financial state of bond insurers may not have the capacity to handle new issues that are desired. We will see.

Click on the post for the story in the Janesville Gazette on the budget gap projected for the State of Wisconsin.

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