A new report from The National League of Cities shows that declining property and sales income is impacting city coffers, resulting in layoffs and cuts to construction projects.
Sales tax income is down across the nation by an average of 3.8%.
"Overall city revenues declined by 0.4%, even as expenses rose 2.5%, and city officials expect steep drops in tax collections in the next two years, making for the worst outlook in the 24 years the group has been surveying its members. Western cities were particularly downbeat."
FULL STORY: Cities Brace for a Prolonged Bout of Declining Tax Revenues
Cities Preparing for Lower Revenues
As recession-reduced property tax levels begin to play out in cities across the U.S., municipalities are beginning to react to the realities of lowered revenues.
Office Vacancies Drag Down Property Taxes
Downtown office buildings around the country are selling for much lower prices than before the pandemic, prompting questions about the future of central business districts.
A New Housing Affordability Hurdle: Property Taxes
Skyrocketing home values are driving up property tax bills, putting lower-income homeowners at risk of losing their homes.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Walmart Announces Nationwide EV Charging Network
The company plans to install electric car chargers at most of its stores by 2030.
NYC Congestion Pricing Continues to Show Positive Results
While the Trump administration attempts to revoke the program’s federal approval, congestion pricing continues to reduce traffic, speed up bus travel times, and improve air quality in Manhattan.
Grassroots Dutch Movement Replaces Pavement With Green Space
Neighbors engage in a practice known as “tegelwippen,” picking up paving stones and replacing them with permeable surfaces, often with the support of local governments.
Seattle Builds Subway-Sized Tunnel — for Stormwater
The $700 million ‘stormwater subway’ is designed to handle overflows during storms, which contain toxic runoff from roadways and vehicles.
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