The Fiscal Health and Wellness Blog offered a bright spot in what seems to be universally bad news about budgets and credit ratings.  The city of Chesapeake Virginia received strong ratings from rating agencies, based, in significant part, on their participatory budgeting process and long-term vision:

“There is no question these are difficult times for governments at all levels,” said Harrell. “The Chesapeake City Council has said time and again that we must keep our focus on our long term goals, while still maintaining the best quality of life for our citizens. These ratings provide clear evidence that we are indeed charting a sustainable course for the City’s future.”

You can read the full blog post and find links to more information about the ratings and budgeting process here.