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The article left out the fact that predatory lending and subsequent foreclosures have massively contributed to the shrinking population and the crumbling tax base. People have been losing homes to mortgage and tax foreclosures all over the city. Plus, the article also failed to mention that the Governor cut revenue sharing to cities to plug holes in the state budget, cut money from schools and gave a huge tax cut to businesses. So now the state has a surplus but cities and school districts all over the state are struggling to stay within their available funds. The fact of the matter is this: No one can financially manage a city or a school district if the Governor and the banksters are strangling the cash flow. Not even the Magic Orr from Chevy Chase.
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