Category: Financial Inclusion

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

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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

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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

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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

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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

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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

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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.

How Youth Summer Jobs Build Long-Term Success

  America Saves for Young Workers (ASYW), a partner of the National League of Cities (NLC) Institute for Youth Education and Families, helps youth establish strong financial habits through its financial capability program. Last summer, 22 employers in 18 U.S. cities offered the program to over 21,000 youth employees. As youth employment programs ramp up

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How Six Cities Are Pursuing Equity and Innovation in Economic Development

The participants in NLC’s Equitable Economic Development (EED) Fellowship are tackling unemployment, low income levels, and workforce-related issues in their communities – but each city is employing different tactics. The need for equitable economic development programs is dire. The National League of Cities‘ (NLC) new president, Matt Zone, councilmember from Cleveland, Ohio, launched a new

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New NLC Task Force to Focus on Expanding Economic Opportunity

Launched by NLC President Matt Zone, the task force will pursue a three-pronged strategy over the next year that will include municipal engagement and peer learning, documentation of promising and emerging city approaches, and education and training for city officials. This post was co-authored by Courtney Coffin and Heidi Goldberg. “Cities are where hope meets

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