Friday, October 2, 2009
Massachusetts state revenues are down 243 million dollars for September, while unemployment continues to increase. Economists claim there are signs of recovery, but we do not see those help wanted signs.
How are residents of Cambridge surviving these economic hard times? What effect does it have on local business? Were there warning signs that were ignored? Can the City meet it's obligations? We have already used emergency funds to keep the tax rate artificially low, what revenues can we turn to if the Governor Patrick cuts funds to Cambridge?
These and more questions should be what the City Council asks the City Manager, but will they? Stay tuned....