Fiscal Retrenchment And Privatization

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in helping keep things like neighborhood security and libraries in service. Although the volunteerism was a good way to help, the most significant change was the privatization of services.
Privatization �may well be seen by the future historians as one of the most important developments in the American political and economic life in the late 20th century� (Knox, 363). By using privatization, cities were able to fund projects that could have been cut out of the budget or just left �on the drawing board�. It began that cities hired private companies to take care of mainly water and sewage handling. By 1985, there were 15 municipalities that had hired private companies to take care of their water and waste services. Because of the success of the privatization of those, they expanded to streets, bridges, municipal buildings, and even garages. Today, the privatization has continued to be used for those as well as many more. In a survey done, �80% of US localities are now using ...

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