This year’s City Fiscal Conditions research looked at the fiscal conditions and factors across 500+ U.S. cities.
Some key takeaways?
- Almost two in three finance officers in large cities are predicting a recession as soon as 2020
- Cities’ revenue growth stalled in the 2018 fiscal year, but this year’s continued drop indicates mounting pressures on city budgets
- The Midwest is bearing the brunt of declining conditions, the report found. Overall general fund revenues in midwestern cities dipped by 4.4% in fiscal year 2018
Want to learn more?