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Article: California cities expect increase in capital spending for 1994-95.
- Article from:
- Business Wire
- Article date:
- November 29, 1994
CopyrightCOPYRIGHT 1994 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVINE, Calif.--(BUSINESS WIRE)--Nov. 29, 1994--Reflecting the state's improved economic outlook, California's small and medium-size cities expect to modestly increase their capital spending in the coming year, according to a survey conducted by Fieldman, Rolapp & Associates, a leading financial adviser to local governments.
Of 83 cities surveyed in late October, two out of three plan to increase capital expenditures in fiscal 1994-95, which ends June 30, 1995. Half foresee an increase of up to 10 percent, while an additional 10 percent expect to boost spending up to 20 percent.
Both spending increases and decreases are about what the cities' ...