City Finance Information Page

Recent Commentary and Reports

Local Economic Conditions Survey (March 9, 2012) 
This recent survey shows that cities are still working through the recession and recovery.  The nation still has a considerable way to go before the recovery will find its way into every community.
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City Fiscal Conditions in 2011 (September 27, 2011)
The nation's cities are cutting personnel and infrastructure projects as the economic downturn continues to take its toll on city finances according to the National League of Cities' (NLC) 26th annual City Fiscal Conditions report. 
Read Full Report
View City Fiscal Conditions in 2011 page  

Meredith Whitney's Misinformation Campaign
 (May 19, 2011)
Christopher Hoene, Director for the Center on Research and Innovation at the National League of Cities reacts to Meredith Whitney's latest commentary on local and state finances. on NLC's blog, CitiesSpeak.

Crying Wolf about Municipal Defaults (December 22, 2010)
Crying Wolf about Municipal Defaults, Part 2 (January 12, 2011)
Hoene also refutes a number of reports that portray the municipal sector as increasingly insolvent going into 2011 on NLC's blog, CitiesSpeak.

Other NLC City Finance Reports

Facts You Should Know: State and Local Bankruptcy, Municipal Bonds, State and Local Pensions
Fact sheet discussing bankruptcy, bonds and pensions from NLC, the National Governors Association, the National Conference on State Legislatures, The Council of State Governments, the National Association of Counties, the US Conference of Mayors, the International City/County Management Association, the National Association of State Budget Officers, the National Association of State Auditors, Comptrollers and Treasurers, the Government Finance Officers Association and the National Association of State Retirement Administrators.

City Fiscal Conditions in 2010 (October 2010)
As the 25th City Fiscal Conditions survey to be published by NLC, the report indicates that not only is the recession by no means over for cities, but it will potentially not be over for several more years. Due to the effects of the recession, cities are experiencing a loss of revenue, while needing to make large spending cuts to city budgets. List of cities responding to City Fiscal Conditions survey

Local Governments Cutting Jobs and Services (July 2010)
A joint report between NLC, the National Association of Counties and the United States Conference of Mayors shows that local governments are facing a fiscal crisis that will force job losses approaching 500,000 and significant cuts in much needed public services. List of cities cutting jobs. 

Media Reports

4/8/12 Despite recovery, US public employees face more layoffs Reuters

4/6/12 Government Job Losses Flattening Out Wall Street Journal

3/9/12 Are Local Government Cuts Nearing An End? Governing

3/9/12 U.S. Local Governments Show First Gain in Employment Boost Since August Bloomberg

3/9/12 Demand for 'survival services' rises in US cities Reuters

2/13/12 Our finances are still solid, local officials say American City and County

2/3/12 America Is Hiring-Don't Mess It Up, Washington National Journal

1/12/12 The Muni Market in 2012 Governing Magazine 

1/6/12 Brutal losses in state and local jobs CNN Money

12/6/11 U.S. States, Cities Face Accounting Push to Disclose Forecasts Bloomberg

12/1/11 Trading Tax Dollars for the Key to the City Bloomberg

11/24/11 Trenton Taking Christie's Millions Shows Mayors Losing Control Bloomberg

11/18/11 U.S. debt deal has states, cities bracing for cuts Reuters

10/20/11 Counties in U.S. Employ Fewer Workers Than in 2010, Survey Shows Bloomberg 

10/17/11 Budget cuts claim hundreds of thousands of county, city jobs USA Today

10/12/11 City Fiscal Conditions Report May Reflect a "New Normal" MuniNet Guide

More 2011 NLC in the News More 2010 NLC in the News