Towns Get Creative To Save Cash

These are tough times for state and local governments. Many are facing big budget gaps, none more than California, which leads the way with $21 billion in red ink. All over America, officials are looking for ways to save. And they’ve come up with some bright ideas. A pile of stolen and abandoned bikes in Ewing Township, N.J, may look like junk, but, “I see money. I do,” says Mayor Jack Ball. He auctioned them off at GovDeals.com, a sort of EBay for towns with a surplus of stuff and a deficit of dough. He got $1,700 for them – that’s found money for a struggling town.

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