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What COVID-19 Means for City Finances
From the Document: "City governments across the nation provide essential services that keep our economy and neighborhoods strong. From sanitation services, water utilities and public health to affordable housing, summer youth programming and public safety, these are the services that make our communities work. As the coronavirus spiraled into a global public health and economic crisis, local leaders and municipal workers were and continue to be on the frontlines of minimizing the spread and preparing to reopen, while minimizing the financial burden of mass unemployment and industry shutdowns on residents and businesses. [...] This report profiles city budgets and details how the pandemic-induced economic downturn is affecting cities nationwide."
National League of Cities
Yadavalli, Anita; McFarland, Christiana K.; Wagner, Spencer
2020
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City Fiscal Conditions 2020
From the Introduction: "Now in its 35th year, the City Fiscal Conditions survey of 485 cities reveals the breadth and depth of challenges facing city budgets, including: [1] Nearly 90 percent of cities will be less able in FY 2021 than in FY 2020 to meet the fiscal needs of their communities. This widespread sentiment about lack of fiscal capacity has not been reported since the low point of the Great Recession; [2] Current estimates for FY 2020 put year-over-year general fund revenue growth at near zero; [3] All major local tax revenue sources slowed in FY 2020, with severe year-over-year declines in sales (-11%) and income tax (-3.4%) receipts; and [4] On average, cities anticipate a 13 percent decline in FY 2021 general fund revenues over FY 2020."
National League of Cities
McFarland, Christiana K.; Pagano, Michael A.
2020
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State of the Cities 2021
From the Introduction: "While the dust has not yet settled after a turbulent year, rapid vaccination and slow reopening indicate that 2021 will indeed be an inflection period in our pandemic history. This year, the State of the Cities analysis of survey data and of mayoral state of the city speeches from over 600 cities reveals that mayors from small towns to large urban cores are prioritizing infrastructure, budgets and public safety this year. The State of the Cities 2021 takes stock of how different types of communities have fared through the pandemic and investigates how city leaders are positioning their communities for the future. We find that experiences and impacts related to COVID-19 [coronavirus disease 2019] are multifaceted. While some striking similarities exist from city to city, important differences also emerged. In particular, survey respondents indicate that clean water access and public spaces have contributed most to community resilience in the face of the pandemic. On housing issues, while home property values increased, affordable housing supply dwindled across most communities. The consequences of these converging trends demonstrate a growing urban-rural divide not only in housing but also resident financial security."
National League of Cities
McFarland, Christiana K.; Rainwater, Brooks; Grabowski, Erica . . .
2021
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