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Beginning of Paper
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Fiscal Retrenchment And Privatization
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 deficit of $3.8 million dollars has ....
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Middle of Paper
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.... seen by the future historians as one of the most important developments in the American political and economic life in the late 20th century (Knox, 363). By using privatization, cities were able to fund projects that could have been cut out of the budget or just left on the drawing board. It began that cities hired private companies to take care of mainly water and sewage handling. By 1985, there were 15 municipalities that had hired private companies to take care of their water and wast ....
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