Zahradnik

CEOs for CitiesFall National Meeting – October 17, 2012

Understanding City Fiscal Health

pewstates.org

Source: Pew American Cities Project analysis of U.S. Census State Government Finance Database.

Two Major Sources of Local Revenue Decline in 2010

pewstates.org

Decline in State Aid

pewstates.org

46 States Limit the Local Property Tax

pewstates.org

Local Governments Shed Half a Million Jobs, 2008-2011

pewstates.org

Fiscal Profile Preview: Revenue

46.6%

4.2%

37.0%

6.6%5.6%

Boston Governmental Revenue Composition FY 2006

Property Tax

Sales Tax

Income Tax

Other Taxes

Intergovernmental Revenue

Charges and Fees

Other Nontax Revenues

56.4%

4.7%

28.5%

6.6%3.9%

Boston Governmental Revenue Composition FY 2010

Property Tax

Sales Tax

Income Tax

Other Taxes

Intergovernmental Revenue

Charges and Fees

Other Nontax Revenues

Source: Pew American Cities Project analysis of Boston’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010

pewstates.org

Fiscal Profile Preview: Expenditures

2006

2007

2008

2009

2010

$0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000

San Antonio Governmental Expenditures FY 2006- FY 2010Public Safety

Social Services/Health

Housing/Development

Public Works/Transportation

Parks/Recreation

Education

General Government

Debt Service

Capital Outlays

Other

Expenditures

Source: Pew American Cities Project analysis of San Antonio’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010

pewstates.org

Fiscal Profile Preview: Debt

2006 2007 2008 2009 20100.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

Chicago – Debt Service Payments/Total Gov-ernmental Revenues

Source: Pew American Cities Project analysis of Chicago’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010

pewstates.org

Fiscal Profile Preview: Reserves

Source: Pew American Cities Project analysis of Atlanta’s Comprehensive Annual Financial Reports (CAFRs) FY 2006-2010

2007 2008 2009 20100.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

Atlanta – Unreserved General Fund Balance as a Percentage of General Fund Revenues

Unre

serv

ed G

ener

al F

und/

Tota

l GF

Reve

nue

Num

ber o

f Day

s City

can

Run

on U

nres

erve

d Ba

lanc

e

pewstates.org

Fiscal Profile Preview: Pensions

2006

2007

2008

2009

-$20,000,000.00 -$10,000,000.00 $0.00 $10,000,000.00 $20,000,000.00

$10,058,870.57

$10,903,004.00

$11,399,018.00

$11,393,189.00

-$15,303,854.10

-$15,738,902.00

-$16,275,097.00

-$18,336,595.80

Philadelphia - Funding Status of City Pension Plans

Assets

Liabilities

Percent Funded

62.1%

70.0%

69.3%

65.7%

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

Growth of Cities vs. Surrounding Metro Areas

pewstates.org

About the American Cities Project

Find us on the web at: www.pewstates.org/cities

pewstates.org/cities