Tag: Cities fiscal conditions budget cuts

The Latest in Economic Development – 1.3.12

A full Latest in Economic Development will return from its holiday hiatus next week, but in the meantime we wanted to briefly post about Mario Polèse’s City Journal article “Urban Development Legends.”  If you’re into economic development, it’s a must read.  The article offers a critique of the major economic development theories for the past

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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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State of the Cities in 2011: What Are Mayors Saying About Economic Development?

This is the fourth in a seven-part series about mayors’ 2011 State of the City speeches. In various “State of the City” addresses, local leaders stressed that the best way to improve their city’s economic position is to increase investment within the city, which they admit is no easy task.  Whether it’s through promoting second

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State of the Cities in 2011: Building a More Efficient Government

This is the second in a seven-part series about mayors’ 2011 State of the City speeches. In a nation where fiscal responsibility is in the spotlight, and groups are grappling for funding, the “State of the City” addresses we read clearly show that city governments are in search of ways to balance their budgets. Unfortunately,

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Crying Wolf on Municipal Defaults, Part 2

Here we go again.  Meredith Whitney, the Wall Street analyst who appeared on CBS’ 60 Minutes in December and predicted “50-100 sizeable municipal defaults” totaling “hundreds of billions of dollars,” appeared on CNBC this morning and claimed that there would be “indiscriminate selling” of municipal bonds because “local leaders want to default on debt investors

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Cities Can’t Cut Their Way to Prosperity

“Cities to cut….” will be the prevailing storyline in much of the coverage of city fiscal conditions over the next couple of years.  But, city leaders still have the job of making decisions that position their cities for prosperity in the future according to 50+ local officials who participated in an NLC seminar in late

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