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U.S. Cities Face Financial Stress

This is a Houston news story, published by Phys Org, that relates primarily to Donald Trump news.

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Urban fiscal struggles

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urban fiscal crisis

Phys Org

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Science

A fiscal crisis is looming for many US cities

Summary

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85% Informative

Many U.S. cities have faced fiscal crises over the past century , for diverse reasons.

But today , even large cities, including Chicago , Houston and San Francisco , are under serious financial stress.

Cities face a convergence of rising costs and decreasing revenues in many places.

Climate change, declining downtown activity, loss of federal funds and large pension and retirement commitments are contributing factors.

President Donald Trump 's administration unlikely to bail out urban areas, says John Sutter .

Sutter: Increasing municipal taxes, particularly property taxes, can be very difficult.

Small cities with low budgets are particularly vulnerable, he says, but so are larger, more affluent cities like San Francisco , Houston and Miami .

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formal

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English

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not offensive

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not hateful

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short-lived

External references

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