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St's Substack · Aug 22, 2026

Nobody Is Watching Your County. Your Tax Bill Already Knows.

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St badhon · St's Substack

There is no final edition, no farewell column, no gathering at the courthouse steps. The paper just thins. The city hall beat gets folded into a regional desk two hours away. The police blotter disappears. Then one Thursday what lands on the porch is four pages of wire copy with a local weather box glued on top, and it looks close enough to a newspaper that most people never register the difference.

In Virginia, five counties crossed that line quietly. Caroline, Cumberland, Buckingham, Charles City and Prince George now have no dedicated news source. Six independent Virginia papers closed or merged since July 2024, including the Independent-Messenger in Emporia and the News Progress in South Hill. In 2023, seven Virginia counties were news deserts. By last year it was sixteen. Nobody voted for that. It arrived the way a roof fails, slowly and then all at once.

Nationally the count is worse. Between 2005 and 2025 the number of American newspapers fell from 7,325 to 4,490. Daily circulation, which sat between fifty and sixty million at the turn of the century, is now just over fifteen million. Two papers a week are still closing. Two hundred and thirteen counties have no local news source at all, another 1,524 have exactly one left, and roughly fifty million Americans live inside that gap.

Here is the part almost nobody tells you, and the part that lands on your kitchen table.

In June, Rebuild Local News published an economic analysis by researcher Matthew Baker and University of Illinois Chicago finance professor Dermot Murphy. It put a national number on what happens after the reporters leave: local governments in news deserts pay roughly $1.1 billion in additional borrowing costs every single year.

The mechanism is not complicated. Your county borrows money to build schools, repave roads, replace water lines, expand the hospital. It borrows in the municipal bond market, and the people lending that money price risk for a living. When the last reporter stops attending commission meetings, lenders assume the odds of waste and self-dealing just went up, because history says they did. So they charge more interest. The county pays it. The county pays it out of your property tax bill.

Murphy and his colleagues Pengjie Gao and Chang Lee established the causation in a 2020 study in the Journal of Financial Economics. After a newspaper closes, municipal borrowing costs rise by five to eleven basis points, which works out to about $650,000 in extra interest on a single bond issue. Not correlation. Causation. The effect shows up in the county that lost its paper and not in the neighboring county that kept one.

Scale that out and it stops being abstract. Ohio has 21 news desert counties holding $1.3 billion in bond debt, and the missing coverage makes servicing that debt $12 million more expensive a year. Minnesota’s figure is around $13 million. When the Rocky Mountain News shut down in 2009, the median yield spread on newly issued local municipal bonds in the area jumped 37 basis points.

The waste follows the same pattern. When nobody is watching, county government payrolls grow as a share of local wages. Costly financing arrangements become more common. One study found that after papers close, corporate regulatory infractions in the area rise about one percent and environmental violations jump more than fifteen percent.

None of that is a moral argument about journalism. It is an invoice. If you own a home in one of those counties, part of your tax bill is the price of an empty chair.

This is the story a documentary called Stripped for Parts told before most of the data caught up to it.

The film follows what happened in Denver in 2018, when the Denver Post’s opinion editor Chuck Plunkett published an editorial attacking the paper’s own owners, the New York hedge fund Alden Global Capital, and called them vulture capitalists in print. It follows reporter Julie Reynolds, who spent years digging into where the money actually went, and who wrote more than a hundred articles on it, first for the NewsGuild union and later for national outlets. Her reporting triggered newsroom rebellions at Alden papers across the country.

The business model she uncovered was not mysterious once you saw it. Buy distressed newspapers cheaply. Cut staff hard and fast. Sell the building and the printing plant. Run one story across a dozen papers under a shared services desk. Keep the masthead, because the masthead still sells subscriptions to people who assume somebody is still in the newsroom. Researchers have a name for what is left behind. They call them ghost newspapers, and they are counted as surviving outlets in most statistics even though the local reporting inside them is gone.

Alden now owns the Chicago Tribune and more than 160 other papers, which makes it the second largest local news publisher in the country. In February it took out a full-page ad in its own Tribune announcing it would pay thirty percent above anyone else for the employee-owned Daily Herald in the Chicago suburbs. That same month, the union at the New York Daily News said a fresh round of Alden layoffs would cost it 28 percent of its members.

For a long time there was a floor under all of this. If the paper died, public radio was often still there. Not anymore. Congress rescinded $1.1 billion in already approved funding, and on January 5 the Corporation for Public Broadcasting’s board voted to dissolve the organization entirely after nearly sixty years. One analysis of station finances estimates roughly fifteen percent of local stations could close within three years. In nine counties, public radio is the only local news source there is.

And in July, filings with the FCC showed that Alden’s president, Heath Freeman, is positioned to take a 32 percent voting interest in Cumulus Media as the radio broadcaster comes out of bankruptcy, through a shell company called Next Gen Radio Enterprises LLC. Same fund. Same playbook. New medium, and it happens to be the medium people still use in the car and during a storm.

So the replacement is not coming. That is the thing to understand before you look at your ballot.

On November 3, tens of millions of Americans will vote on things that touch their lives far more directly than any race that gets national coverage. School levies. Hospital districts. County commissions. Sheriffs. Water and sewer bonds. Property tax measures. Judges nobody can name.

And in a growing share of the country, not one independent reporter has looked into any of it.

Medill surveyed people living in news desert counties earlier this year. Just over half now get their news from nonjournalistic sources, meaning social media groups, influencers, or friends and family. About four in ten check a Facebook or Nextdoor style group daily. Most of them do not feel deprived, which is the quietest and most dangerous finding in the whole report. They also trust the news media far less than people who still have a local outlet, 46 percent against 59 percent.

The Brennan Center laid out in June what this does to an election specifically. Voting procedures differ enormously by state and county, and without local reporting, ordinary administrative hiccups get stripped of context and turned into evidence of fraud. Candidates for local office go entirely uncovered, so voters have nothing to judge them on except party. Research from MIT Sloan found that where local news declines, straight-ticket voting rises, which is what happens when people are handed a ballot full of names they have no information about.

Into that vacuum has come something newer. Political operations are now paying content creators to promote candidates and positions, with almost no disclosure requirements attached. In a Chicago-area survey, a third of respondents said they get daily local news from creators on social platforms, against 18 percent who still turn to a local newspaper. Some of that content is honest. Some of it is bought, and you have no reliable way to tell which is which.

Think about what that means in practice for a retiree on a fixed income. A bond measure lands on your ballot. It will raise your property taxes for the next twenty years. No reporter has read the offering documents, asked who holds the construction contract, or checked whether the last bond delivered what it promised. The only voices explaining it are the campaign that wants it passed and a Facebook group where the loudest poster may or may not be paid. You are not being lazy or careless when you struggle to decide. The information was removed from your community, and nobody asked your permission.

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The reporting is gone. The public record is not. Almost everything a local journalist would have checked for you is still sitting in a filing cabinet or a county website, waiting for someone to ask. That someone can be you, and it takes about two hours total.

Find out where you actually stand. Medill’s State of Local News project maps every county in the country. Look up yours. If it shows one surviving outlet, open that outlet’s website and check whether the last three local stories carried a staff byline or a wire credit. That five-minute test tells you whether you have a newsroom or a masthead.

Build your own ballot instead of meeting it cold. Go to vote411.org/ballot, run by the League of Women Voters Education Fund, and enter your address. Personalized sample ballots go live roughly three weeks before Election Day, with candidate answers in their own words and plain-language explanations of ballot measures. Print it. Fill it in at the kitchen table, not in the booth.

Get the agenda before the vote, not after. Every county commission, school board and hospital district in America posts meeting agendas and packets in advance, and nearly all of them will email them to you free if you ask the clerk to add you to the list. Call your county clerk’s office this week and ask. The packet is where the contracts and the dollar figures live, and it is written for the officials, not for the public, which is exactly why it is worth reading.

Verify election procedures with the office that runs them. For anything about registration deadlines, mail ballot rules, ID requirements or polling locations, go to your county election official or your Secretary of State’s site directly. Not a group post, not a screenshot, not a video. If something strange happens at a polling place near you, that office is also the fastest way to find out what actually occurred before it becomes a rumor with a life of its own.

Read the measure itself. Every bond, levy and ballot question has official text and a fiscal note attached to it, usually on the county elections page. Look for the total cost including interest, the term in years, and what happens if revenue falls short. Then ask one question out loud at a public meeting: who receives this money. Public bodies are required to answer public questions on the record, and an unanswered question in the minutes is itself a finding.

Pay one newsroom, even a little. When the Denver Post was gutted, some of the journalists who walked out started The Colorado Sun, which still publishes without a paywall and takes donations as small as five dollars. Others built the Baltimore Banner and San Jose Spotlight. More than three hundred local news startups have launched in the past five years, four out of five of them digital-only. One of them may already be covering your county, and finding it takes one search.

Then do the thing that scales. Stripped for Parts is streaming on PBS Passport through 2028 and available to rent or buy, and the filmmakers will help any group, library, church, union local or senior center host a screening. In their own post-screening survey, eighty percent of attendees said the film changed how they saw local news. Fifty people in a room who suddenly understand why their taxes went up is a political fact that no hedge fund can lay off.

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It would be easy to read all of this as a story about decline, and to close the tab feeling smaller than when you opened it. Do not do that. It is not what the evidence says.

The evidence says a handful of laid-off reporters in Denver built a statewide newsroom out of nothing and it is still standing eight years later. It says three hundred new outlets have opened since 2021 while the giants were shrinking. It says a union at one paper can still cost a hedge fund a headline, and that a fourth-generation newspaper family in Dallas turned down more money last year rather than sell to Alden. It says the missing watchdog has a measurable price, which means restoring the watchdog has a measurable return.

And it says something about you specifically. Every dollar of that $1.1 billion gets charged because a chair at a meeting sits empty. Nobody checked your credentials at the door. Nobody ever will. The agenda is public, the packet is public, the vote is public, and the only thing standing between your county government and an unwatched room is whether one resident decides to show up and read.

This November you are going to vote on your own taxes, your own schools, your own water, your own sheriff. Vote knowing what you are voting on. That is not a small act of citizenship. In a county with no reporters left, it is the whole job, and it is yours now.

  1. Axios Richmond, “Virginia news deserts more than double as local papers close,” April 6, 2026. https://www.axios.com/local/richmond/2026/04/06/virginia-news-deserts-rise-local-newspaper-closures

  2. Brennan Center for Justice, “News Deserts Leave Voters Vulnerable to Election Misinformation,” June 17, 2026. https://www.brennancenter.org/our-work/research-reports/news-deserts-leave-voters-vulnerable-election-misinformation

  3. Medill State of Local News Report 2025, via PRSA. https://www.prsa.org/article/as-newspapers-close--news-deserts-expand--report-finds-nov-dec25

  4. Rebuild Local News, “Local News Shortage Leads to $1.1 Billion in Extra Borrowing Costs,” June 10, 2026. https://www.rebuildlocalnews.org/local-news-shortage-leads-to-1-1-billion-in-extra-borrowing-costs-for-local-governments-and-taxpayers/

  5. Ohio Capital Journal, “The loss of local news isn’t just making voters less informed, it’s making taxpayers poorer,” June 24, 2026. https://ohiocapitaljournal.com/2026/06/24/the-loss-of-local-news-isnt-just-making-voters-less-informed-its-making-taxpayers-poorer-study-says/

  6. Gao, Lee and Murphy, “Financing dies in darkness? The impact of newspaper closures on public finance,” Journal of Financial Economics. https://www.sciencedirect.com/science/article/abs/pii/S0304405X19301606

  7. Columbia Journalism Review, “When local papers close, costs rise for local governments.” https://www.cjr.org/united_states_project/public-finance-local-news.php

  8. Stripped for Parts: American Journalism on the Brink, dir. Rick Goldsmith. https://strippedforpartsfilm.com/

  9. Northwestern Local News Initiative, “Alden Global Capital makes push to buy Daily Herald in Chicago suburbs,” February 9, 2026. https://localnewsinitiative.northwestern.edu/posts/2026/02/09/daily-herald-alden-capital-shaw-media/

  10. The NewsGuild, “Daily News Union pushes back as Alden Global Capital begins mass layoffs,” February 2026. https://newsguild.org/daily-news-union-pushes-back-as-alden-global-capital-begins-mass-layoffs/

  11. Congressional Research Service, “Public Broadcasting: Background Information and Issues for Congress.” https://www.congress.gov/crs-product/R48545

  12. Nieman Reports, “With Cuts to Federal Funding, How Will Public Media in the U.S. Survive?” https://niemanreports.org/local-trusted-defunded-public-media-federal-funding-npr-cpb/

  13. The Desk, “Filings: Alden Global exec likely to emerge as major Cumulus Media stakeholder,” July 29, 2026. https://thedesk.net/2026/07/alden-global-minority-owner-cumulus-media/

  14. Poynter, “When local news disappears, people turn to social media feeds, influencers and gossip,” February 2026. https://www.poynter.org/business-work/2026/where-do-people-in-news-deserts-get-information/

  15. Medill State of Local News Project map. https://localnewsinitiative.northwestern.edu/projects/state-of-local-news/

  16. VOTE411, League of Women Voters Education Fund. https://www.vote411.org/ballot

  17. The Colorado Sun, “Stripped for Parts film tells The Colorado Sun’s story. Here’s how you can help,” January 20, 2026. https://coloradosun.com/2026/01/20/stripped-for-parts-documentary-colorado-sun-support/

  18. Nieman Lab, “Alden Global Capital fails in its attempt to get its tentacles on The Dallas Morning News,” July 28, 2025. https://www.niemanlab.org/2025/07/alden-global-capital-fails-in-its-attempt-to-get-its-tentacles-on-the-dallas-morning-news/

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