Editorial: Slow Recovery - WSFA.com: News Weather and Sports for Montgomery, AL.

Editorial: Slow Recovery

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  • Editorial: "For the Greater Good"

    Editorial: "For the Greater Good"

    Tuesday, July 22 2014 7:20 PM EDT2014-07-22 23:20:04 GMT
    Sometimes for the greater good you have to do things that you didn't necessarily plan or want to do.  This is what I ask of Marvin Wiggins and Elton Dean as they seriously consider the requests of ASU'sMore >>
    Sometimes for the greater good you have to do things that you didn't necessarily plan or want to do.  This is what I ask of Marvin Wiggins and Elton Dean as they seriously consider the requests of ASU'sMore >>
  • Editorial: "Viewer Feedback: Consequences"

    Editorial: "Viewer Feedback: Consequences"

    Thursday, July 17 2014 7:20 PM EDT2014-07-17 23:20:05 GMT
    Our editorial earlier last week focusing on recent arrests of Alabama and Auburn football players lead to the following feedback on wsfa.com and our WSFA 12 News station Facebook page…here is just a sampling:More >>
    Our editorial earlier last week focusing on recent arrests of Alabama and Auburn football players lead to the following feedback on wsfa.com and our WSFA 12 News station Facebook page…here is just a sampling:  
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  • Editorial: "Consequences"

    Editorial: "Consequences"

    Tuesday, July 15 2014 7:20 PM EDT2014-07-15 23:20:05 GMT
    It's been a bumpy start for the two highest profile college football programs in Alabama and maybe the country. Since April three University of Alabama football players have been arrested (2 for DUI andMore >>
    It's been a bumpy start for the two highest profile college football programs in Alabama and maybe the country. Since April three University of Alabama football players have been arrested (2 for DUI andMore >>

MONTGOMERY, AL (WSFA) - While it is encouraging that sales tax revenue was up over a million dollars in the first month of the new fiscal year in Montgomery, the reality is 2010 fiscal year sales tax revenue was nine million dollars less than the 2008 fiscal year sales tax revenue. 

The residential construction building contracts that fueled the Montgomery economy five years ago has dwindled from nearly 30 million dollars to just over five million.  Our local economy's growth will be hampered until this metric builds again. 

The impact on all of us adjusting to the "new normal" cannot be underestimated.  Our belts have been tightened so much that many have us aren't breathing real well. 

A big player like Alabama Power lost 25% of its industrial load in just the past two years as businesses have simply shut down throughout the state. 

Montgomery is wisely plowing forward with investments in projects to drive further private investment and attract new dollars to the area.  At the same time, the city continues to field inquiries at an increasingly rapid pace from businesses looking to come here. 

Montgomery is in a position for rapid growth when the slow growth realities of the next few years pass.  

Patience is a virtue and we will need every bit of it as we continue to deal with the ongoing economic challenges statewide and nationwide.

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