Tag: finance

How Summer Jobs Can Teach Youth Financial Skills

This is a guest post by Amelia O’Rourke-Owens of America Saves for Young Workers. This summer, 32,973 summer youth employees in 25 cities have pledged to save a portion of their pay as part of the America Saves for Young Workers (ASYW) initiative, a partner of the National League of Cities (NLC) Institute for Youth,

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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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TIGER Helps Orlando Connect Neighborhoods with New BRT Line

This is the third in a series of blogs that will explore the impact TIGER grants have on local communities by helping them better leverage financing options, meet transportation safety goals, and increase overall quality of life by introducing alternative modes of transportation.  Click here for the first and second blogs in the series. Bus

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Building for the Future in an Uncertain Present: State of the Cities 2013

“Synergy is when the whole is greater than the sum of its parts. When applied to finding new solutions to the challenges we face in building a community, this requires an inclusive process that seeks input and ideas from many people. In doing so, we can generate new and better ways of doing business.” On

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Financing Postsecondary Success

Most city policy and thought leaders can agree on the importance of increasing postsecondary credentialing rates, in the context of broader economic, workforce, and talent development strategies.  Many cities are knocking on NLC’s door asking, “how to?” Strive’s Collective Impact approach is spreading, and typically embraces postsecondary success goals and indicators. But, communities are only

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Why We Should Care about Public Sector Job Loss

Last week the Bureau of Labor Statistics (BLS) released preliminary revised unemployment estimates.  It appears that the economy actually netted 386,000 jobs this year, but only after accounting for a loss of 67,000 government jobs. This recent news compounds figures suggesting that as of August 2012, local government employment in the U.S. had decreased by

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Weighing the Effects of Public Buy-In

Earlier this month, residents in the Atlanta region voted down a 10- year, 1 percent sales tax measure which would have raised about $7.2 billion dollars for the region’s transportation plan.  Now without that anticipated revenue, stakeholders may have to rely on other strategies such as tolling to relieve the region’s congestion issues and new rail

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Latest in Economic Development

This week’s latest in economic development focuses on FDI, some state-level incentive mishaps, small business confidence, worker skill mismatch, and Creative Class 2.0. Have things to add, contact me at mcconnell@nlc.org. Get the last edition of “The Latest in Economic Development” here. Cities look to attract more foreign direct investment.  Toledo, Ohio, which has been

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Municipal Bankruptcy – A Story in Search of a Trend?

NLC is receiving a lot of media inquiries about the prospect of cities filing for Chapter 9 bankruptcy.  It’s not surprising that the chattering classes are agog about cities going under.  It’s a grabber of a headline: “City X Files Ch. 9!”  The problem with this story is that the numbers just aren’t there to

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