Bloomberg: D.C. Gridlock Slicing Into Services of Cities Across U.S.
Philadelphia is scrounging for money to reduce child lead poisoning. Mesa, Arizona’s sales-tax revenue is softening as Boeing Co. (BA) suppliers cut back. Oklahoma City anticipates less spending from its largest employer, Tinker Air Force Base.
Sequestration puts a burden on cities when they were starting to recover from revenue declines and budget cuts they had to make to cope with the recession, said Kil Huh, director of State and Local Fiscal Health at the Pew Charitable Trusts, a research organization in Washington. The slump extended 18 months to June 2009 from December 2007.
The 30 U.S. cities studied by Pew as part of its American Cities Project had an average 4.7 percent decline in assessed property values from 2009-2011, with a 7.7 percent drop in municipal workers during that time.
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