The Lifeblood of a City.

The author discusses aspects of governance in major U.S. cities like Chicago in Illinois. He profiles the young African American Kurt Summers, whose background in finance and stellar credentials in banking and management impressed mayor Rahm Emanuel to make him the City Treasurer. The author thinks that local governments depending on state funding must create their own structure for balanced budgets, with the projected revenue growth meeting and surpassing the projected expenditure growth.