from USA Today (11/20):
Cities, schools delay projects in tough climate for muni bonds
By Pallavi Gogoi, USA TODAY
"Spring Hill is one of the fastest-growing cities in the U.S. With its picturesque location in the rolling hills of Tennessee, just 30 miles south of Nashville, plentiful jobs, reputable schools and affordable housing, the town has attracted people from all corners of the country, and its population has swelled to 25,000 from just 7,000 in 2000.
"We have been the epicenter of growth in this area," says Mayor Danny Leverette.
But it is an ascendancy under siege from 900 miles away: Wall Street. A badly needed new elementary school for which ground would have been broken next year has been shelved, and existing schools might have to make do with extra portable classrooms. Why? Because Williamson County, where Spring Hill is located, is finding it very difficult to raise the $42 million it needs for the construction from its usual source by selling municipal bonds on Wall Street." ...
for the complete story
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