Tag: budget; fiscal conditions

Cities Prepared for Rainy Days, but Not a Fiscal Tsunami

fiscal money

As the pandemic-induced economic downturn continues, cities are facing immediate, significant and irreplaceable losses to major revenue streams. NLC estimates that cities will experience a $360 billion budget shortfall over the next three years. The question, of course, quickly turns to are cities prepared to weather a fiscal storm this severe? One critical way to

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Budget Compromise is Only the Beginning

This week we’ve been receiving a lot of phone calls on the budget compromise and where cities came out. NLC, in coordination with cities and towns across the nation, fought hard to preserve priority investments in cities. The issues NLC identified as priorities – like Community Development Block Grants – help our cities get back

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