Public Finance and Culture Wars Hits Local Government

What is happening? Lehigh County PA is considering divesting from Wells Fargo because of of the financial institution’s support of politicians that oppose abortion rights.

Why is this important? Some say because of the U.S. Supreme Court’s decision in Citizen’s United the culture wars when it comes to companies will likely hit the Courts.

How will this be important? Divestment is an amped up version of some cities and some states refusing to pay for events and conferences in certain locations.

Governing | The Cost of Mixing Culture Wars With Public Finance