NCDS Blog

For First Time in Seven Years, Cities Anticipate Revenue Decline

Sunday, December 01, 2019

In the Los Angeles suburb of Bellflower, California, officials are getting the city budget ready for a slowdown by tightening spending and beefing up reserves. For the past five months, the state’s fiscal health index has been trending downward, a shift that Mayor Pro Tem Juan Garza said weighs heavily on the city’s own forecasting. “For California to be experiencing that,” he said, “it’s an indicator of not only what California is going to experience, but also the rest of the country.”

In fact, for the first time in seven years, cities across the country are collectively anticipating a decline in revenue as rising concerns over trade, weakening economic indicators, and increasing spending pressures are taking their toll on city budgets.

Read full article

Category: (none)

Fast Fact Image

“As the smaller chamber operating in the shadow of a larger, very aggressive one nearby, the North Myrtle Beach Chamber committed to take its game to the next level.  You and the NCDS team not only drove the creation of a bold new multi-year strategy, you generated buy in and a huge boost in revenue.  A great side benefit of launching and funding a new initiative was NCDS’ identification and engagement of a cadre of new leaders who had never really participated, much less invested at significant levels.  Your methodology works, and your experience in hundreds of other communities paid off for us in a major way.  So much so, we plan to kick off the next multi-year campaign this year.   In my book, NCDS remains the ‘gold standard’ for community development fundraising.”

Marc Jordan, CCE, President & CEO • North Myrtle Beach Chamber of Commerce Convention & Visitors Bureau

facebooktwitterlinkedin
National Community Development Services, Inc.
6300 Powers Ferry Road, Suite 600-165
Atlanta, GA  30339
Phone: (404) 231-0730
tdifiore@ncdsinc.net