Cities Are Running Out of Money
Will the U.S. learn lessons from the Great Recession or just repeat the same mistakes?
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After months of coronavirus lockdowns, cities are taking stock of their finances. The situation is bleak. With plummeting sales and property tax revenue, American cities of all sizes may be facing a budget crisis. What happens when local governments have to cut their budgets by double-digit percentages? Will the federal government learn from the Great Recession and intervene?
Minh Nguyen, owner of Cafe TH in Houston
Chris Brown, Houston city controller
Mildred Warner, professor of urban planning at Cornell University