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  • PCS Main Event Opening Slide
  • Of the 30 cities examined by the Pew American Cities Project, 13 grew more rapidly than their surrounding regions between April 2010 and July 2011. In contrast, between 2000 and 2010, only one of the cities—Boston—gained population at a faster rate than the rest of its metropolitan area.Seven of the 30 grew at nearly identical rates with their suburbs during the 15-month period covered by the latest Census population estimates.Five others grew more slowly than the rest of their regions, and 5 actually lost population.The fastest-growing cities were mostly in the South and West, as has been the case for several decades. Denver grew the most in percentage terms, followed by Tampa, Atlanta, Washington, D.C., and San Antonio.That many of the nation’s largest cities are growing is not a new phenomenon. What is striking is the magnitude of that growth, relative not only to the suburbs but also to the rest of the country.Between 2000 and 2010, the largest cities in the 30 most populous metropolitan areas as a group grew at about one-sixth the rate of the surrounding areas, while between April 2010 and July 2011, the cities actually grew at about the same rate on average as the surrounding areas.
  • PCS Main Event Opening Slide

Transcript

  • 1. CEOs for CitiesFall National Meeting – October 17, 2012Understanding City Fiscal Health
  • 2. Two Major Sources of Local Revenue Decline in 2010 Source: Pew American Cities Project analysis of U.S. Census State Government Finance Database.pewstates.org
  • 3. Decline in State Aidpewstates.org
  • 4. 46 States Limit the Local Property Taxpewstates.org
  • 5. Local Governments Shed Half a Million Jobs, 2008-2011pewstates.org
  • 6. Fiscal Profile Preview: Revenue Boston Governmental Revenue Boston Governmental Revenue Composition FY 2006 Composition FY 2010 5.6% 3.9% 6.6% Property Tax 6.6% Property Tax Sales Tax Sales Tax Income Tax Income Tax 46.6% Other Taxes Other Taxes 28.5% Intergovernmental 56.4% Intergovernmental 37.0% Revenue Revenue Charges and Fees Charges and Fees Other Nontax 4.7% Revenues Other Nontax 4.2% Revenues 0.0% 0.0% 0.0% 0.0% Source: Pew American Cities Project analysis of Boston’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010pewstates.org
  • 7. Fiscal Profile Preview: Expenditures San Antonio Governmental Expenditures FY 2006- FY 2010 Public Safety 2010 Social Services/Health Housing/Development 2009 Public Works/Transportation Parks/Recreation 2008 Education General Government 2007 Debt Service Capital Outlays 2006 Other $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 Expenditures Source: Pew American Cities Project analysis of San Antonio’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010pewstates.org
  • 8. Fiscal Profile Preview: Debt Chicago – Debt Service Payments/Total 20.0% Governmental Revenues 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2006 2007 2008 2009 2010 Source: Pew American Cities Project analysis of Chicago’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010pewstates.org
  • 9. Fiscal Profile Preview: Reserves Atlanta – Unreserved General Fund Balance as a 20.0% Percentage of General Fund Revenues 70.00 Number of Days City can Run on Unreserved Balance 18.0% Unreserved General Fund/Total GF Revenue 60.00 16.0% 14.0% 50.00 12.0% 40.00 10.0% 30.00 8.0% 6.0% 20.00 4.0% 10.00 2.0% 0.0% 0.00 2007 2008 2009 2010 Source: Pew American Cities Project analysis of Atlanta’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010pewstates.org
  • 10. Fiscal Profile Preview: Pensions Philadelphia - Funding Status of City Pension Plans Percent Funded 2009 -$18,336,595.80 $11,393,189.00 62.1% 2008 -$16,275,097.00 $11,399,018.00 70.0% Assets Liabilities 2007 -$15,738,902.00 $10,903,004.00 69.3% 2006 -$15,303,854.10 $10,058,870.57 65.7% -$20,000,000.00 -$10,000,000.00 $0.00 $10,000,000.00 $20,000,000.00 Source: Pew American Cities Project analysis of Philadelphia’s Municipal, Public Gas Works, Redevelopment Authority, Public School Employee, and State Employees Retirement System Pension Plan documents.pewstates.org
  • 11. Growth of Cities vs. Surrounding Metro Areaspewstates.org
  • 12. About the American Cities Project Find us on the web at: www.pewstates.org/citiespewstates.org
  • 13. pewstates.org/cities