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Survey: city finances still deteriorating.(News & Numbers)
America's cities were less able to meet their financial needs in 2004, and expectations for 2005 are equally grim, according to "City Fiscal Conditions 2004," a recently released report by the National League of Cities. Revenues are not keeping pace with increases in spending for public safety and infrastructure, and growing costs of employee health benefits, pensions, and wages.
In this latest annual survey of city finance directors, more than three in five indicated that their cities were less able to meet their fiscal obligations, regardless of population size, region, or taxing authority. Eighty-three percent of the cities that rely primarily on the income tax to fund government reported deteriorating fiscal conditions--much higher than those that rely primarily on the property tax (58 percent) or the sales tax.
"This is the third year in a row where we've seen these types of revenue declines," said James C. Hunt, vice president of the National League of Cities and a member of the City Council in Clarksburg, West Virginia. "As elected officials, we can only stretch our resources so far, tighten our belts so much. We ...
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...better than the 54.4 percent who felt 1994 fiscal conditions were better than those...officers nationwide (51.0 percent) were optimistic that city fiscal conditions in 1996 would be even better. * 7.5 percent of the responding cities...
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...improvement. Some cities, fiscal conditions continue to lag the...expected to increase 4.7 percent, which represents...1994 to be less than 5 percent of their expenditures...suggests that their fiscal conditions are still somewhat...averaged less than 5 percent of ...
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...yesterday reported that fiscal conditions improved last year...in 1994. Nearly 62 percent of 374 elected municipal...very good." Only 23 percent said conditions worsened...assessing their cities' fiscal conditions, about two-thirds...shape. Eighty-four percent said they were ...
