Robert M. La Follette School of Public Affairs

The Impact of the Great Recession and the Housing Crisis on the Financing of America’s Largest Cities

The authors use data on the financing of the nation's largest central cities from 1997 to 2008 to forecast the impact of the recession and the housing crisis on central city expenditures between 2009 and 2013. They predict that real per-capita spending in the average central city will be reduced by about 7 percent during the forecast period, and that spending cuts will be substantially greater in cities hit hardest by the economic recession and the housing market collapse.

Additional Info

  • Volume or issue no.: La Follette School Working Paper No. 2011-008
  • Author(s): Howard Chernick, Adam Langley, and Andrew Reschovsky