State & Local Government Policy, Business and Technology

Stepping into the light

American City and CoUnty:During the depths of the Great Recession, Milpitas, Calif., struggled financially and even flirted with bankruptcy to find relief from its deficits and burdensome pension obligations. Leaders cut the city’s workforce in half and trimmed services to make ends meet. Reductions in state funding for redevelopment initiatives added to the misery.

Today, officials in the Silicon Valley community believe they have finally turned the corner and can count on revived revenues for financial stability. According to city statistics, general fund revenues have increased over 19 percent in the past three years. The city is looking forward to restoring all wage cuts imposed during the height of the crisis and filling critical vacancies in its workforce.

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