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Local News Loss Costs Taxpayers Billions | Columbus News
When local newspapers shut down, local governments pay more in taxes—literally. A new study reveals that without watchdog journalism, lenders see higher risk in municipal borrowing, pushing interest rates up and costing taxpayers over $1.1 billion annually nationwide. In places like Ohio’s “news deserts,” the impact is stark: $12 million extra just to service bond debt. Without reporters digging into budgets and exposing corruption, shady deals fester—and we all end up footing the bill. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on…
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