The light at the end of the recession tunnel is distant and dim for the nation’s cities, according to a survey by the National League of Cities. While optimistic federal officials hint at an economic turnaround, city finance officers say the picture remains bleak for city governments. This is chiefly because a top source of municipal income — property tax revenue — tends to lag behind changes in the market
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Pay Raises Are The Worst In 33 Years
Feel like your company has been particularly stingy on the raises this year? You’re not imagining it. For 2009, the typical non-hourly worker will see a 1.8% bump in salary, according to a survey by the HR consultancy Hewitt Associates