The fiscal condition of cities is continuing to weaken in 2011 and isn't likely to improve in 2012, the National League of Cities concluded in a report released Tuesday.

As a result, financially strapped cities are, and will be, reluctant to issue bonds, Christopher Hoene, director of the NLC's Center for Research and Innovation, told reporters during a conference call.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.