After more than 20 years, Jim Quigley left his job at a Wall Street investment firm for a smaller market. He got elected town supervisor in Ulster, New York, about 100 miles north of Manhattan. Population: 12,251.
“My family's been in this community since 1849,” Quigley said.
These days, Quigley is working 60-hour weeks, trying to keep the town’s budget in the black. He’s been preparing for a drop in tax dollars from Ulster’s largest taxpayer, the Hudson Valley Mall.