US DATA: Natl League of Cities Fiscal Conditions report says
“general city revenues are continuing to fall, with a projected -2.3%
decrease by the end of 2011. This is the fifth straight year of declines
in revenue with probable further declines in 2012. The revenue decline
is mainly due to the suppressed property market that is negatively
impacting property tax revenue. Property tax collections are expected to
decline by -3.7% with further declines likely in 2012 and 2013.” See
http://www.nlc.org/news-center/press-room/press-releases/2011/city-
fiscal-conditions-2011
