03/31/2011
Posted by Dawn Marie Bailey
I'm sure I don't need to tell you that the current economic forecast for America's cities is not good. But maybe I can share a little hope connected to the Baldrige Criteria.
In October 2010, the National League of Cities published a study on city fiscal conditions, reporting that the effects of the economic downturn continue to adversely impact our nation's cities. City finance officers report struggling housing markets, slow consumer spending, and high levels of unemployment that are driving declines in revenues. According to the report, in response, cities are cutting personnel, infrastructure investments, and key services. The report also notes that nearly nine in ten cities were less able to meet fiscal needs in 2010 than in 2009, property tax and sales tax revenues continued to decline, and fiscal pressures regarding public safety and employee-related costs continued to rise. Also in 2010, CNNMoney.com reported that several U.S. cities were on the verge of defaulting on their debt, and it named three cities on "the verge of broke."
So what about an inspirational story for America's cities?
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