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Fiscal Retrenchment And Privatization Beginning of Paper A problem that is always on a city's mind is its economic state. When a city finds that $3.8 million has been misappropriated in different funds, it has to question if it is headed towards a fiscal crisis. With a new mayor and township council, there was an investigation done into .... Middle of Paper .... eliminating over 100 city jobs, and much more. The idea of volunteerism became a good way to cut back on paying for services, but still keeps the service going. This was used 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†.... 574 words | 3 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95