Huh?
Amid credit downgrades and a general fiscal crunch, Atlanta’s new mayor Kasim Reed is looking at leasing city-owned assets to private firms to raise cash. Reed also must reel in runaway pension expenses which have left the city with a $1.2b. shortfall in that fund.
Either Anthony Foxx starts changing Charlotte’s fiscal direction away from spend, spend, spend or the city will be in exactly Atlanta’s situation in a few short years.
