The Price of Security

Newman, Emily
September 2004
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p1
Trade Publication
This article reports that the burden of post-September 11 security is a big unknown for states and localities that continues to leave a large cloud over their finances. Most state and local government officials say that the national recession that began in March 2001 was exacerbated six months later by the economic and emotional impact of attacks in New York and outside Washington D.C., but that impact is difficult to measure. And while security costs add to overall state budget pressure, states continue to grapple with other expensive priorities such as Medicaid, education, and welfare.


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