NLC City Fiscal Conditions Report 2014

In 2014, the nation’s city finance officers report that fiscal conditions are improving as the Great Recession recedes.1 However, local fiscal health has not yet fully returned to pre-recession levels as economic activity clambers back from the downturn. While tax revenues continue to improve, increases in service costs, longterm infrastructure needs, employee wages, and pension and health care obligations, along with decreased levels of state and federal aid, continue to constrain the fiscal outlook.

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