Category: Financial Inclusion

Help Your Gig Workers File Their Taxes Right

The sharing economy, also commonly referred to as collaborative consumption, the collaborative economy, the gig economy or the peer-to-peer economy, has been a growing phenomenon in the United States job market. This relatively new trend is made up of contractors and freelancers, who are independent from the company that they work for. This line of

Continue reading

Help Your Residents Get the Tax Returns They Deserve

Roughly 20 percent of eligible taxpayers don’t claim the federal Earned Income Tax Credit (EITC) when they file their yearly taxes. That means many of your residents are leaving money on the table at tax time – money they can use to stabilize their family budgets and boost the local economy. The National League of

Continue reading

Cities’ VITA Programs Help Put Tax Refunds in Residents Pockets

Families in your community, like most in the country, work hard just to make ends meet. For many, the money that they receive after filing their taxes is the largest single infusion of cash into their family budget. In 2017, 27 million qualified workers and families received over $65 billion in Earned Income Tax Credit

Continue reading
No comments

How City Fiscal Conditions Changed in 2018

This is an excerpt from our new City Fiscal Conditions report. The 2018 City Fiscal Conditions survey indicates that slightly more finance officers than last year are optimistic about the fiscal capacity of their cities. However, the level of optimism is still far below recent years. Tax revenue growth is experiencing a year-over-year slowdown, with

Continue reading

Pensions, Retiree Health Benefits, and Your City’s Bond Rating

This is a guest post by Les Richmond, Vice President and Actuary of Build America Mutual (BAM). Credit ratings are the most visible (and sometimes only) independent assessment of the fiscal status of a city’s government – they have a direct impact on borrowing costs and the affordability of infrastructure investments, and they can also

Continue reading

America’s Homeowners are Financially Unprepared for an Emergency

When researchers ask the average American whether they could handle the cost of an unexpected home repair project, the answer is simple: no. That lack of financial preparedness is compounded by the fact that many homeowners do not understand what their homeowner’s insurance actually covers. This leaves many American homeowners in a tough spot when

Continue reading

Help NLC Learn About Workforce Strategies for Families

Does your city consider the unique needs of parents and families when designing workforce development strategies? Does it conduct targeted outreach to make sure parents know about jobs and training opportunities available to them? Recognizing the importance of family economic stability to the health and vitality of all cities, the National League of Cities Institute

Continue reading

What is a Fiscally Healthy City?

In February 2015, the city of Stockton, California, exited municipal bankruptcy. One core way that the city achieved fiscal solvency was by cutting services. Although this approach was necessary given the circumstances, fiscal health came with a price. As it turns out, balancing the budget ran counter to alleviating income and racial disparities. “We cut

Continue reading

5 Ways to Boost Financial Security for Families in Your City

This is the final blog in a four-part series that highlights recommendations from NLC’s task force report “Keeping the American Dream Live: Expanding Economic Mobility and Opportunity in America’s Cities.” Almost half of families in the United States do not have enough savings to support themselves for even three months in the event of a

Continue reading

We Convened 28 Cities in Atlanta to Talk Financial Empowerment. Here’s What Happened.

NLC’s Economic Opportunity and Financial Empowerment team headed down to Atlanta last week for a National Municipal Financial Inclusion Summit. On September 27th, NLC convened 28 cities to learn about strategies to improve the financial lives of families.