Tags: winter | state | roads | budgets

Winter Storms Hit State and City Budgets Hard

By    |   Wednesday, 19 February 2014 01:04 PM EST

The winter storms wreaking havoc with the lives of people in much of the country also are causing damage to state and city budgets.

States and cities are running low on money and supplies to deal with the storms, according to Time. Governments now have to utilize emergency money or ask for more funds to finance snow removal and salting of roads.

Ohio, Illinois, Massachusetts and cities including Chicago and Philadelphia already have run through their snow-removal budgets or soon will, according to The Fiscal Times.

Editor’s Note:
Get These 4 Stocks Before 399% Stock Market Rally!

The same is true on Long Island, N.Y., where "taxpayers may have to make up the difference next year through their tax bill," Newsday reported.

In Michigan, some legislators say an extra $100 million must be given to towns, cities and counties, because they have already blown through their snow-removal budgets, according to The Detroit News.

In New Jersey, officials warn that a salt shortage may force a closure of major roads, Time noted.

The state is trying to get a waiver from the federal government so that a barge can bring salt to New Jersey from Maine.

The hits are coming to states and cities just as they are repairing their budgets from the 2007-09 recession.

"Cities are already in a place of fiscal limitation," James Brooks, director of city solutions for the National League of Cities, told The Fiscal Times. "The margins for them were small to deliver the services they wanted."

Editor’s Note: Get These 4 Stocks Before 399% Stock Market Rally!

Related Stories:

© 2024 Newsmax Finance. All rights reserved.


Economy
The winter storms wreaking havoc with the lives of people in much of the country also are causing damage to state and city budgets.
winter,state,roads,budgets
285
2014-04-19
Wednesday, 19 February 2014 01:04 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved