International Business Times: America's Economic Recovery Outpaced Most of the Country's Biggest Cities
While the U.S. economy was slowly rebounding in 2011 after a dip in 2010, many of America’s major cities were still in decline and had yet to recover from the great recession, according to a report released on Tuesday by The Pew Charitable Trusts.
"America’s Big Cities in Volatile Times" found that 30 of America’s largest cities hit their revenue bottoms a year after national and state governments did. Each city experienced revenue declines at different times and dealt with them in different ways, including dipping into reserve funds, gaining help from state or federal government, cutting spending, and increasing revenue from tax and nontax sources. Only Washington, D.C., was able to recover at the same pace of the U.S. economy.
Read the full article at ibtimes.com.
- American Cities Project