Category: Finance

Supreme Court: Cities Can Proceed With Claims Against Banks for Discriminatory Lending

The Supreme Court recently ruled local governments have “standing” to bring Fair Housing Act (FHA) lawsuits against banks alleging discriminatory lending practices. The glass is more than half full after the Supreme Court’s ruling in Bank of America v. Miami — but not as full as local governments would like. The Supreme Court could have totally

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Councilmember Jermaine Reed Testifies on Unfunded Mandates in Washington

On Wednesday, National League of Cities (NLC) Board Member and Kansas City, Missouri, Councilmember Jermaine Reed testified before the U.S. House of Representatives Oversight and Government Reform Committee’s Subcommittee on Intergovernmental Affairs. Appearing on behalf of NLC, Reed described how unfunded mandates place burdens on local governments and communities. In his testimony, Councilmember Reed provided

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Making Informed Choices About Public Sector Pension Plans

NLC’s latest Municipal Action Guide includes a historical look at public sector pension plans, an overview of approaches to pension reforms, and a worksheet to help local officials navigate decision-making regarding their city’s pension plan. Pensions play a critical role in the ability of local governments to attract and retain the workforce needed to meet

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Cross-sector Collaboration is a Critical Tool for City Leaders

The Intersector Project’s Neil Britto offers a number of resources to help local officials cope with declining budgets, a changing public-private partnership arena, and the inadequacy of a single-sector approach to problem solving. This is a guest post by Neil Britto of the Intersector Project. While cross-sector collaboration isn’t new, city leaders across the country

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Meet Your Municipal Finance Advocate

“When cities are given the directive and the resources, projects just get done faster, more efficiently and with better end results.” Every week leading up to the 2017 Congressional City Conference we’ll feature a “Meet Your City Advocate” spotlight as part of a series introducing you to NLC’s Federal Advocacy team. This week, I sat

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How Cities Can Prepare for the New OPEB Accounting Requirements

The new Government Accounting Standards Board changes described in this posting have implications for all cities. Here are some suggestions for cities that offer retiree healthcare benefits and sponsor those benefits themselves. Beginning in the fiscal year ending June 30, 2018, cities who sponsor “other postemployment benefit (OPEB)” plans (e.g., retiree healthcare) will have to

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4 Reasons Why e-Fairness is Good for City Economies

The online sales tax loophole isn’t just an unfair disadvantage for local businesses – it also prevents cities from collecting the taxes already owed to them on remote online purchases. As we enter the season of gift-giving, local officials should be aware of an issue that costs their cities billions of dollars every year: the

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Here’s What City Leaders Need to Know About Pension Budget Discussions

Incorporating an active policy discussion about pension funding into the budget process – even in well-funded cities – is important, because the earlier pension funding problems are confronted, the less costly they will be overall, and the less burden will be placed on future generations of taxpayers. This is a guest post by Les Richmond.

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