...In conjunction with the national economic downturn that has notably impacted the larger Phoenix metro area, Casa Grande's local economy has weakened, evidenced by rising unemployment rates and above-average levels of subprime and foreclosure exposure. Area wealth levels are below average. While still currently a modestly sized city, Casa Grande has experienced high levels of population growth since 2000, which has subsequently driven much of the strong growth in its predominately residential tax base (although at a much more moderate rate in fiscal 2010). Further commercial and industrial development, albeit slowed, appears promising, given the city's location at the junction of two major transportation corridors. The city continued its trend of strong financial performance, enabled by conservative and proactive financial management and substantial gains in excise tax receipts. While the city does not expect the surpluses that characterized the past few years to continue at the same rate,...
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