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Another Man’s $52 Billion Treasure
“We’re rich. We have less than 4,000 people living here and we have millions of dollars in the bank."
– Town Administrator, Fox Township Pennsylvania
It’s tough to imagine in this economic climate, but some small towns are getting rich.
That may be a surprise. After all, dozens of state and local governments are broke and on the verge of being downgraded to “junk” status. State pension funds have been decimated. A few pundits have even predicted state and local governments’ debt loads may trigger the next phase in the credit crisis.
But that’s not a problem in Fox Township, Pennsylvania.…
5Nov2008 | Q1 Publishing | Comments Off | Continued
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