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Things are looking up for the nation’s cities. In 2014, the nation’s city finance officers report that fiscal conditions are improving as the Great Recession recedes.1 That’s according to a new report, released this week by the National League of Cities. The annual City Fiscal Conditions Survey revealed that local governments are slowly bouncing back from the shattering impact of the recession but still face significant challenges. “While tax revenues continue to improve, increases in service costs, long-term infrastructure needs, employee wages, and pension and healthcare obligations, along with decreased levels of state and federal aid, continue to constrain the fiscal outlook” the report notes.
But there are bright spots. For example, the survey found that:
To read the report, click here.