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Local Governments Worry About Going Over Fiscal Cliff - VPR News

posted at 2:26 pm Tue Nov 13th, 2012 by (WherezIt_Staff)

Tax rates and payroll taxes will go up and federal spending cuts will take effect if Congress and the White House don't move to avert what's known in Washington as a "fiscal cliff."

Cities and towns in Vermont say Washington needs to deal with the issue quickly because it could hurt their budgets and lead to another recession.

Municipal leaders are worried the fiscal cliff could undermine the hard-earned economic recovery unless Congress acts before the new year.

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Relevant Address(es):
Montpelier, VT 05602 (Set as Local)
Barre, VT 05641 (Set as Local)

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