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Jul 29

Cities threaten to cut 500,000 jobs

Posted By
Jul 29, 2010 / 07:07
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Cash-strapped cities and counties have been cutting jobs to cope with massive budget shortfalls — and that tally could edge up to nearly 500,000 if Congress doesn’t step up to help.

Local governments are looking to eliminate 8.6% of their total full-time equivalent positions by 2012, according to a new survey released Tuesday by the National League of Cities, the National Association of Counties and United States Conference of Mayors.

FULL STORY: http://money.cnn.com/2010/07/28/news/economy/city_job_cuts/index.htm

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