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City budgets in trouble nationwide

By Doug Published: October 7, 2010

The New York Times, reporting on a new report from the National League of Cities, said that the downward spiral in revenues for urban governments isn't likely to abate soon.
The story, by Times reporter Michael Cooper, says:

The nation's cities are in their worst fiscal shape in at least a quarter of a century and have probably not yet hit the bottom of their slide, according to a report released on Wednesday.

The full report can be found here.

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