Tag: city fiscal conditions

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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City Fiscal Conditions – A Five-Year Review

In advance of the release of our annual City Fiscal Conditions report on September 13, this blogpost highlights recent historical trends in municipal finance. The community of Bristol straddles the border between Tennessee and Virginia — one name, two cities, and two starkly different realities. And in today’s economy, Bristol, Tennessee, is thriving while Bristol, Virginia,

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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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Is Fiscal Growth Slowing in Cities?

When the Great Recession hit in America, city governments felt the effects acutely. Growth in municipal budgets contracted noticeably as hiring freezes, service changes, and even bankruptcies rolled across the country. Now, that continuous fiscal growth may be slowing, according to a new report. NLC’s 2017 City Fiscal Conditions, a survey of city finance officers, reveals

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Have City Finances Recovered?

At the release event for NLC’s annual City Fiscal Conditions, it was revealed that although the worst is behind, city finances have not yet reached full recovery. Most accounts of the current state of economic and fiscal health go something like this: stabilizing but not yet returned to pre-recession levels. The media guys (and gals)

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State of the Cities 2013: Strategically Balancing the Books

This is the sixth post in a seven-part series on trends and themes in local leadership. The National League of Cities’ 2012 City Fiscal Conditions report  projected a sixth year in a row of declining revenues for cities, and a 25 percent decline in ending balances (reserves) over the last four years. It’s clear that

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Whitney Says Earthquake is Sign of De(Fault) Problem

August is a slow month in D.C.  and we thought we’d add some humor to the post-Earthquake news cycle.  Obviously, none of the statements or quotes in this post are real. Financial analyst Meredith Whitney said that the recent earthquake in the mid-Atlantic region is yet another sign of underlying instability in the municipal bond

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Meredith Whitney’s Misinformation Campaign

Almost six months ago, Meredith Whitney – the controversial financial investor who made her name by predicting the recent troubles for Wall Street banks  – set off a firestorm in financial markets by claiming that “social unrest” was coming in the form of ”50-100 sizeable municipal defaults.” She’s back this week with an op-ed in

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