Finance & Revenue
What’s happening? Let’s play keeping up with the Jones, but it’s keeping up the governments. The US spends 2.4% of its GDP on Infrastructure.
Why is this important? The EU spends 5%. China spends 9%.
How will this be important? It is harder for smaller cities to maintain aging infrastructure, and revenue sources like property taxes are not keeping up with maintenance costs.
Governing | Small Cities Can’t Manage the High Cost of Old Infrastructure
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