1. CEOs for Cities
Fall National Meeting – October 17, 2012
Understanding 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
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 2006-2010
pewstates.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 2006-2010
pewstates.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 2006-2010
pewstates.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
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.