by Calculated Risk on 7/17/2010 11:48:00 AM
Saturday, July 17, 2010
Another example of state and local government distress
From Lauren Etter at the WSJ: Roads to Ruin: Towns Rip Up the Pavement
Paved roads ... are being torn up across rural America and replaced with gravel or other rough surfaces as counties struggle with tight budgets and dwindling state and federal revenue. State money for local roads was cut in many places amid budget shortfalls.Back to the stone age ...