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A Troubling Trend for Urban Economies
Governing: Despite a relatively strong economy, most U.S. cities aren’t enjoying robust revenue growth.
On Thursday, the National League of Cities (NLC) released its annual survey of finance officers across the country, finding city revenues grew by an inflation-adjusted average of only 1.25 percent in fiscal year 2017 and are expected to further slow over the current fiscal year. At the same time, spending pressures aren’t subsiding, climbing at a steeper 2.16 percent last fiscal year.
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