Award-Winning Innovations in 2011: Exploring the Boundaries of Transformation

Award-Winning Innovations in 2011: Exploring the Boundaries of Transformation

Jan. 1, 2012 – Four years into the “Great Recession,” it is no surprise that citizens across the United States are weary of bad economic news and a dreary forecast
for recovery. That sentiment is particularly resonant among local governments, which felt the precipitous drop in sales and income tax revenue early. Property taxes fell more slowly, but lower revenues will be a continuing drag for many years forward as housing prices slowly rebound. Four out of five cities made personnel cuts in 2010, two out of three cities cut jobs in 2011, and it is estimated that local government has lost over 500,000 jobs since peak levels in 2009.1

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