Will U.S. cities face a knock-on fiscal crisis from the feds?
Federal money flows to cities in three flavors: direct transfers, indirect transfers, and what we call fiscal dark matter. Direct transfers are exactly what they sound like — money sent directly from the federal government to various localities. These include funds disbursed through programs like the Community Development Block Grant (CDBG), which supports things like […] The post Will U.S. cities face a knock-on fiscal crisis from the feds? appeared first on Marginal REVOLUTION. Related Stor...
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Marginal Revolution (United States) | Aug 06, 2026
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