Add one more to the list of cities falling into bankruptcy amid the widespread government fiscal crises of the Great Recession. The City Council of Harrisburg, the capital of Pennsylvania, voted last Tuesday night to declare Chapter 9 bankruptcy in what is just the next step of a continuing financial disaster
The biggest story in the media this past year has been the federal deficit and the resulting debt ceiling controversy that bitterly divided the country, stalled the economy, and resulted in a humiliating credit downgrade of the United States. However, under the radar, local governments across United States are playing out
The Community Development Block Grant (CDBG) program was designed in 1974 to help revitalize cities and neighborhoods with the assistance of Federal funds. The CDBG program was established under the U.S. Department of Housing and Urban Development, and today is one of their longest continually running programs.