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Gloomy Picture for Cumberland

November 28th, 2011 by WCBC Radio

It was a somewhat gloomy fiscal picture for the city of Cumberland presented by Davenport and Company-  the Virginia based investment firm retained to examine the city’s financial recovery process.  Company representatives provided an extension look at the past few years of city finances and trends, as well as projecting ahead- and overall there seemed to be more bad than good to report. The city has recently overgone a financial restructuring- and while that can help in the short term- the long range picture remains an issue…

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