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Budget & Finance

Pew: Large Cities Face Challenges Even After Recession's End

Large U.S. cities continue to face fiscal challenges four years after the Great Recession officially ended, according to a report from the Pew Charitable Trusts.

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Comments (1)
A systemic shift in urbanization may be underway where large/inner cities are no longer the optimal economic development model of a post Great Recession era. Perhaps another model is the creation of specialized regional authorities and development districts (e.g., public safety, water, transportation, code enforcement, K-12 education, etc.) that provide or sale services to a larger geographic region or series of regions. Specific geographic boundaries for cities, towns, and counties can still be maintained - but the role of a conglomerate municipal government that provides a myriad of services no longer appears to be feasible under rapidly changing global, demographic, and economic trends.
Posted by Ricardo K | Friday, November 22 2013 at 10:40AM ET
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