Interesting...thanks for the posting
Here in NJ our cities have taken a fiscal beating, as Trenton ran out of money and outside aid dried up. Municipalities that hadn’t been self-sufficient for decades have laid off thousands of cops, firemen, and teachers (and won’t be hiring replacements any time soon). It was nice to watch; for too long the working taxpayers were being forced to subsidize these welfare reservations, and with our property tax caps in place they can’t squeeze as hard. FWIW, this is why Newark’s mayor had to defend private equity - the government hand that feeds has been withdrawn.