The nation’s cities are cutting personnel and infrastructure projects as the economic downturn continues to take its toll on city finances, according to the National League of Cities' (NLC) 26th annual City Fiscal Conditions report.
The report reveals that general city revenues are continuing to fall, with a projected 2.3% decrease by the end of 2011. This is the fifth straight year of declines in revenue with probable further declines in 2012.