Utilities, transport, even gambling, are now $3.5B drains
(NEWSER) - Municipally owned businesses like utilities, public transportation, and betting parlors used to bring in much-needed cash flow, but the recession has done its predictable work. State and local governments nationwide will likely hemorrhage $3.5 billion this year running these concerns which brought in upwards of $120 billion during the '90s. “With tax collections in decline, we really need this money,” one finance director tells USA Today . More»
