City emerging from economic morass


Things are looking up in terms of the economy, as Alexandria continues to slowly dig its way out of the recession.
According to a financial report from Chief Financial Officer Bruce Johnson for the month of November, sales, meal and hotel taxes are higher than last years. 
The citys overall revenue is up almost 2 percent over last year, Johnson said, and Alexandrias unemployment rate is lower than state and national levels at 4.4 percent.
City staff estimate home values dropping about 4.5 percent, however, and foreclosures are down slightly, though staff is unsure whether or not its a trend.