Sunday, September 14, 2008 - Page updated at 10:25 PM
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Survey of US cities finds funding woes worsening
Some findings of the National League of Cities' annual fiscal conditions survey to be released Monday.
Some findings of the National League of Cities' annual fiscal conditions survey to be released Monday.
-In 2008, 64 percent of city finance officers report that their cities are less able to meet fiscal needs than in 2007.
-Pessimism about the ability to meet those needs this year is similar to levels reported in the tough times of 2002-04 and 1990-93.
-About 75 percent of finance officers in cities that rely on property taxes are more likely to say that their cities are less able to meet fiscal needs in 2008.
-About 52 percent of those in cities that rely on sales taxes said the same thing, compared with 60 percent of those in cities that rely on income taxes.
-About 74 percent of city finance officers in the West are most likely to say that their cities are worse off in 2008, compared with 67 percent of cities in the Midwest, 61 percent in the Northeast and 53 percent in the South.
Copyright © 2008 The Seattle Times Company
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