Houston’s fiscal problems are less critical than other major cities with large budget shortfalls—yet, their mayor is correct when he said his city is broke, that the financial approach of the city is clearly not working. Here’s why.
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How do we get philanthropy involved in community building, and how do we make good investments in our cities and towns? How do we access federal programs and bigger resources effectively?
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“Is this a good project, or will it set up my city for financial insolvency??” Here’s how to find out.
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If we’re not paying attention, it can be hard to tell whether a city is using debt to simply to smooth out cashflows, or if it’s just covering up insolvency. Here are four telltale signs of the latter scenario.
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For local governments, it’s often easier to let the tangled web of debt at the heart of the budget go unexplored. In cities reliant on sales tax, these problems are only magnified.
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At a glance, the sales tax is a nearly invisible revenue source that is also a cash cow. Yet, for local governments, it is the most distorting of taxes. Here’s why.
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10 years ago, PennDOT promised that two new highway ramps in Chester, PA, would produce “an explosion of economic development.” Now, the city is filing for bankruptcy.
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The town council in Castle Rock, CO, received a shocking briefing at a recent meeting: that their single, mid-sized region within a single, mid-sized state has accrued almost a billion dollars of debt. But how?
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Strong Towns interviews Dr. Christopher Berry, of the University of Chicago, on how we can begin making meaningful changes to the U.S.’s broken property tax system.
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There are some obvious anomalies that are being overlooked in the property tax assessment system. Joe Minicozzi of Urban3 pulls back the curtain in this episode of the Strong Towns Podcast.
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As an ad hoc committee recently discovered, owners of higher-valued properties are more likely to receive a tax break…simply because of bad data.
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Don’t be fooled: Winnipeg’s newly proposed “rapid transit” project is actually a road-widening project in disguise. And it aims to borrow money so the City can destroy millions of dollars of its own tax base.
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Streets can be about many things, but unless they are building wealth for the community, they won’t survive. Period.
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We expect city budgets and financial reports to inform citizens and community leaders alike, but in reality, local government accounting is unnecessarily complicated, confusing, and illogical.
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This case shows why local governments need to do a better job accounting for maintenance costs.
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Recently, the North Carolina Ad Hoc Appraisals Committee was challenged to face their own biases and fix their broken property tax assessment system. Here’s what happened.
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Citizens can’t make informed decisions if they don’t know the financial condition of their government. This nonpartisan nonprofit is making those numbers both available and transparent.
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In this follow-up to last week’s piece about Galesburg, IL, we’ll look at what the town needs in order to recover and thrive.
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Citizens of Galesburg, IL, are trying to save their public indoor pool and create a new activity complex. City council is sympathetic, but there's just one problem: money.
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Unless we start making better accounting choices today, we’ll be facing service cuts and tax increases every year going forward. …That is, until the day we can’t anymore.
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