Category: Finance

How to Measure Pension Fiscal Health in Your City

The state of retirement funding has become an obvious fiscal concern for city governments, especially since the Great Recession. In fact, a recent National League of Cities survey revealed the cost of employee/retiree pensions ranks third (following infrastructure needs and public safety needs) among the most negative factors impacting city budgets. Perhaps more telling is

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Strategies for Recruiting a 21st Century Workforce

This is a guest post by Steve Vermette, vice president of brokerage at Colonial Life & Accident Insurance Company. Budget cutbacks, an aging workforce nearing retirement and the need for a deeper pool of talent are creating a perfect storm for governments looking to recruit skilled workers — and keep them long term. Public sector employers are

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What Should City Leaders Do About Healthcare?

This is the second piece in a three-part series about pensions and healthcare. Each piece will include insights gained at different state municipal league meetings across the country. Find the first installment here. The National League of Cities (NLC) was recently back on the road — this time to discuss healthcare. Williamsburg, Virginia, home to

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How Summer Jobs Can Teach Youth Financial Skills

This is a guest post by Amelia O’Rourke-Owens of America Saves for Young Workers. This summer, 32,973 summer youth employees in 25 cities have pledged to save a portion of their pay as part of the America Saves for Young Workers (ASYW) initiative, a partner of the National League of Cities (NLC) Institute for Youth,

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Retirement (In)security: Why Financial Literacy Matters

This is the first piece in a three-part series about pensions and healthcare. Each piece will include insights gained at different state municipal league meetings across the country. The National League of Cities recently visited Wichita, Kansas for the annual conference of the League of Kansas Municipalities. The conference had a huge turnout, and while

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Is Fiscal Growth Slowing in Cities?

When the Great Recession hit in America, city governments felt the effects acutely. Growth in municipal budgets contracted noticeably as hiring freezes, service changes, and even bankruptcies rolled across the country. Now, that continuous fiscal growth may be slowing, according to a new report. NLC’s 2017 City Fiscal Conditions, a survey of city finance officers, reveals

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10 Tips for Understanding Grants

Applying for a grant—be it federal, state or private—can be a difficult, time consuming process. NLC Grant Access will streamline the process. As an NLC member, you have an entire database dedicated to helping your municipality fund crucial initiatives. Find a grant that fits your city’s next venture, like: building a library, investing in public infrastructure

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An Inside Look at Equitable Economic Development in Minneapolis

Jim Terrell works in community planning and economic development policy for the city of Minneapolis. This week, he talks about the city’s new Access to Capital program and why an equitable approach to economic development is a priority for Mayor Betsy Hodges. This post is part of a series on NLC’s Equitable Economic Development (EED)

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Planning a More Resilient Future: Four Takeaways From the 2017 Resilient Cities Summit

This post was co-authored by Katharine Burgess, Jeremy Sigmon and Cooper Martin. Last week, an inspirational group of mayors, senior city officials, and nationally-recognized experts gathered in Stowe, Vermont, for the 2017 Resilient Cities Summit, hosted by the National League of Cities (NLC), the Urban Land Institute (ULI), and the U.S. Green Building Council (USGBC). Against

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Community Development Financing: How Two Cities Are Improving Residents’ Quality of Life

These cities show how the Public Finance Authority can help your municipality finance its own economic development projects. Sixty-six percent of mayoral state of the city speeches this year included significant coverage on economic development, NLC recently reported in its 2017 State of the Cities report. City officials across the U.S. say that job creation,

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