How's Decatur Weathering the Recession?
Decatur Metro | November 12, 2008Take a look at the paper today and you’ll see that DeKalb is looking at a potential $40 million budget deficit, and Mayor Franklin is channeling GM and asking for a “federal rescue plan” for their shortfall thanks to the economic slowdown.
So why haven’t we heard similar cries from our own city commission room? …aside from when the mayor chastised the governor for reneging on the homeowner tax relief grant a couple months back.
Hmm…aside from being fiscally responsible, do you think that THIS might have something to do with it?
So far, Decatur’s housing market is proving more recession resistant than most. (and yes I see that # of sales are down…but at least average price is UP)
Now I’m not saying that we won’t need to tighten our belts going forward. Or be more conservative withour revenue…I don’t have the inside scoop on any of this. But charts like this are somewhat reassuring .