Helping Marietta to keep moving forward
Difficult as it might have been to get the ball rolling, Marietta City Council seems now to be taking important steps toward shoring up the city’s finances. Among them is discussion on establishing a stabilization fund to protect against economic downturns. Details are still being ironed out. For example, what exactly does “stabilization fund” mean? Council has gotten a start on that, but Monday got to see drafts of five different definitions for the purpose of such a fund: reduction in local economic activity, rising unemployment and business closures, decline in tax revenues, ...