Drops in tourism and luxury car sales are among the reasons why the ritziest cities in Southern California are not impervious to the recession.
"The fact that famous revenue generators such as Beverly Hills, Santa Monica and Newport Beach are trimming their expenditures and considering service cutbacks underscores the extent of the meltdown in California municipal finances.
Such places are usually shielded from downturns because they cater to the very rich, have diversified their economies and draw high-spending foreign visitors, even when Americans start watching their wallets.
But with property values, incomes and spending plunging across the country -- and the global economy in serious trouble as well -- few places remain unscathed, said Christopher Hoene, director of policy and research at the National League of Cities in Washington, D.C. A survey of city finance officers conducted by the league in December and January found that 83% were cutting services and expenditures, and 80% expected to make further cutbacks in the 12 months beginning in July."
FULL STORY: Wealthy cities discovering they're not recession-proof
Report: California's Affordable Housing Allocation Favors Wealthy Coastal Cities
A combination of factors including a lengthy appeals process and the cost of construction have led to huge disparities in the number of units allocated to each community.
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Westside Mayors to California: Leave Redevelopment Alone!
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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The States Losing Rural Delivery Rooms at an Alarming Pace
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The Small South Asian Republic Going all in on EVs
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DC Backpedals on Bike Lane Protection, Swaps Barriers for Paint
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
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City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)