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
Category: Financial Inclusion
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
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.
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
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
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
Our new report, City Financial Inclusion Efforts: A National Overview, highlights the growing commitment of city leaders to address the financial challenges of their residents. (Getty Images) Mayors and other city leaders see first-hand how families in their communities are struggling to navigate today’s complex financial systems. They hear from residents regularly about how hard