WASHINGTON Nov 11 Cities are getting big
revenue boosts from U.S. states, leading some municipal budgets
to recover from the 2007-09 recession, Pew Charitable Trusts
found in an analysis of financial reports for the 30
most-populated cities released on Monday.
A time lag in assessing property taxes, the largest revenue
source for cities, caused the recession to hit local budgets
later than state and federal ones and prolonged the economic
pain. Through 2011 cities continued to cut services, tap
reserves, shrink pension contributions and raise taxes, Pew
Still by fiscal 2011, which for most cities ended on June
30, 2012, the revenues of nine cities reached their
pre-recession peaks. Two were in Texas: San Antonio and Dallas.
Revenues for Washington, D.C., Atlanta, San Francisco,
Pittsburgh, St. Louis and Chicago also had recovered.
Portland, Oregon had the highest level, with revenues near
110 percent of the pre-recession peak, Pew found.
"In each, aid from other governments was the first- or
second-largest contributor of growth as city revenue recovered,"
Pew found. "This group of cities typically got larger increases
in intergovernmental aid and received infusions from states and
the federal government later...than did the other 21 cities."
Revenues were approaching pre-recession levels in five
other cities by 2011, the last fiscal year full data was
available: Baltimore, Cincinnati, Denver, New York,