VP of Columbus Chamber of Commerce explains local economic situation

Columbus, OH – The city of Columbus has long been one of Ohio's major economic centers. Its diverse business climate and governmental and educational assets have often insulated the city from more challenging economic problems in the region and the nation. But a projected city budget deficit of $80 million next year blamed on declining tax revenues is one indication that even the Columbus economy is not completely insulated from the major economic crisis now facing the nation. City council brought in Chamber of Commerce Vice President of Economic Analysis Bill LaFayette last week to update leaders on the local picture. Jim Letizia reports it could be worse.