The National League of Cities and the United States Conference of Mayors released a joint survey on Tuesday, April 14, 2020, that indicated that 100 percent of all cities with a population of more than 500,000 people would feel the direct impact of the pandemic and a crumbling economy.
Whereas 98 percent of cities with populations between 50,000 and 200,000 will feel the impact, and 87 percent of cities with more than 50,000 people will experience a revenue shortfall. Funding revenue is somewhat different from the ways that the states raise funds. Cities will lose out on permitting fees, services fees, utilities fees, sales taxes, state aid, property taxes, and to a lesser extent, income taxes. For additional information, go to WHAT AMERICA’S LOCAL LEADERS ARE SEEING.