Building Costs Deal Blow to Local Budgets
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In many parts of the country, state and local governments are struggling to pay for roads, bridges and other projects because of rising construction costs.
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By Brent Champaco, The News Tribune, Tacoma, Wash.  Sep. 25--The Pierce County Council isn't the only local government whose leaders are testing the choppy waters of growth-impact fees.
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A Â£500m fund for councils which build more homes is announced by the government.
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The realty space is being disrupted.
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Reports said construction spending also fell sharply in October, pointing to a slowdown in the economy.
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Hundreds of local governments are unable to access money they deposited in a statewide investment pool.
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A fire service authority is expected to announce cuts due to the reduction of local authority funding.
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Real estate prices depend a lot on local conditions.
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A worsening housing market, including rising foreclosures, has rapidly pushed Fairfax County government into a budget crisis that probably will last several years, pinching spending by hundreds of millions of dollars on schools, public safety and human services, officials said yesterday.
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Plans for a London building designed by Zaha Hadid have been dropped as a result of the credit crunch that began with the subprime mortgage collapse.
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U.S. construction spending fell a more-than-expected 1 percent in October led by a seventh straight drop in private residential building and adding evidence to a weak housing sector, a government report said on Friday.
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The District wasted nearly $100 million over the past five years overpaying health care contractors for services that many Medicaid patients did not receive, a situation that puts the city in danger of losing federal funding, the D.C. Office of the Inspector General said yesterday.
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Many initial estimates by the Federal Emergency Management Agency of the cost of repairing thousands of water-logged buildings, cracked pipes and crumbling streets in hurricane-staggered Louisiana were way too low &#151; and some reconstruction projects are being held up because of it.
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Burdensome state and local  regulations hurt efforts to build housing that is affordable  for low- and middle-income people, and the problem has only  worsened over the past decade, a U.S. government report said on  Monday.
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Because of its lax oversight, the state overpaid cities and towns by as much as $20.5 million for school construction and renovation projects that came
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The number of housing units on which builders began work plunged 13.1 percent in November from the previous month, the biggest monthly drop in nearly 11 years, according to the Commerce Department.
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Rapid cooling of area real estate market compels superintendents, teachers to do more with less.