Cities need their own investment funds, building up reserves in assets non-correlated with their tax base. This sets them up to not just manage in a world with declining federal support, but to make positive sum investments and even engage in counter-cyclical local spending.
Posted by Extension_Essay8863
1 Comment
Great idea in a vacuum.
But this is sort of like giving the advice of “ well what you wanna do is have your savings and index funds with three months in cash for emergencies”… to someone who’s actually cash flow negative every month.
So like that case, the first step with one of two things: cut expenses, or raise income. Both of you can somehow pull it off.