Humphrey blog posts

Local government costs face 'fiscal cliff' too

Jay Kiedrowski comments on how Minnesota's physical infrastructure may be influenced by national interest rate changes.

"I think we'll all notice it. It affects the upper middle class and wealthy directly, but it also raises the cost for local governments and all that they do. And it comes at a time when those local units are already facing financial difficulties," from reduced tax revenues and greater demand for local services, he said.

Finance & Commerce
December 27, 2012

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Hubert H. Humphrey Institute of Public Affairs