Hello, John.
Do you have a sense of how much of your city's budget goes to debt maintenance? What percentage is made up from state or federal funding? Does your place rely on grants and other outside funding to maintain its infrastructure?
What happens to your municipal budget after several months of economic slow-down and reduced personal spending?
Strong Towns founder Chuck Marohn recently ran the numbers again on his own town, and the outlook isn't great.
Building financial stability is a matter of survival for towns across America.
Stay well,
– Lauren at Strong Towns |