City revenues are falling because of financial troubles caused by infrastructure, health care and pension costs, leading to job cuts, delayed infrastructure project and reduced local services, according to a new report by the National League of Cities.
The report, which includes responses from city finance officers, finds that stagnant housing markets, high unemployment, and impending federal budget cuts will continue to impact city budgets in 2013.
"This report demonstrates the difficult operating environment facing city officials," says Ted Ellis, NLC president and mayor of Bluffton, Ind. "Local leaders are still paying their bills and working to create opportunities for growth in their local communities. But local governments need certainty and support from their federal counterparts."
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