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Knowledge Network

Data Report

Recession’s Effects Intensify - Spending Cuts/Revenue Loss

by National League of Cities

Download: Recession’s Effects Intensify - Spending Cuts/Revenue Loss
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Cities’ finances continue to weaken under the strain of the recession, resulting in cities being less able to meet their fiscal needs in 2011 and beyond. According to the National League of Cities’ annual report on cities’ fiscal conditions, financial officers report the largest spending cuts and loss of revenue in the 25-year history of the survey.