Rural America’s Fiscal Challenge
[imgbelt img=statelocaljobslost.png]Declines in state and local tax revenues will have a greater impact in rural America than in the cities. Two Federal Reserve economists suggest how small towns and counties should respond to the coming fiscal crisis.
Editor’s Note: Alison Felix and Jason Henderson are economists with the Federal Reserve Bank of Kansas City. Below are excerpts from their report on the fiscal challenges facing rural communities. The full report can be found here.