Crowdfunding for municipal projects
Ten years ago, there were reports that Mayor Michael Bloomberg may have stepped in to fund key municipal and community projects in New York City. These were projects critical to NYC, but unfortunately they were falling off the city budget. Even worse – NYC’s budget woes were being experienced in other cities from Tucson, Ariz., to St. Louis to Atlanta. Fast forward to the height of the recession when many of America’s 19,000 municipalities faced...