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Predicting City Fiscal Distress.pdf

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Preview of Predicting City Fiscal Distress
🔗 Source: lincolninst.edu
📊 Size: 1.05 MB
👤 Author: Tracy Gordon
⬇️ Downloads: 24

Summary

Cities are where people come together to work, live, and thrive, generating nearly 90 percent of US GDP. Cities have been at the forefront of improvements in longevity and well-being, and will be instrumental in addressing climate change challenges due to their ability to concentrate people and jobs. However, cities face a host of challenges, with primary among these being fiscal challenges that were laid bare in the Great Recession. Locally generated revenue declined nearly 5 percent, and states cut local government aid to balance their own budgets, with these cuts being the worst since 1960.

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Description

Cities face fiscal challenges, including those exposed during the Great Recession, prompting a need for better indicators of city fiscal health. This paper provides an overview of measures grounded in economic, fiscal, and comprehensive approaches. It also explores lessons from past federal and state programs to distribute local aid.

Technical Information

  • File Format: PDF
  • File Size: 1.05 MB
  • Pages: 44
  • Language: EN
  • Author: Tracy Gordon
  • Total Downloads: 24
  • Last Updated: 1 month ago

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This PDF document about Predicting City Fiscal Distress provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Predicting City Fiscal Distress.

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