Treasurers for the poor

Over the past few years, treasurers across the United States have had their work cut out for them. Many American cities are in a financial pit, facing the threat of bankruptcy.  

Recently, The Wall Street Journal reported on a study of 250 municipalities. It found that more than half have extremely low reserves, high debt and challenging prospects. For example, one of their major sources of revenue, property tax, is in jeopardy because the real estate market has dropped.

In spite of this, a growing number of city treasurers have decided they have a responsibility beyond number crunching and balancing their budgets.

They are activists too, championing programs to help citizens who have trouble making ends meet. They are not just treasurers of their cities; they have become treasurers of the poor.

Heidi Goldberg has been not only watching this trend, she has been aiding and abetting it. She is a Program Director for the National League of Cities.