Using data from 1983 to 2009 on revenues, housing prices, and incomes, we forecast the impact of the U.S. housing crisis and "Great Recession" on the revenues of the nation's largest central cities for 2009--2013. We develop the concept of constructed cities, to allow valid comparisons across...

The housing crisis and the Great Recession have placed tremendous fiscal pressure on the United States’ central cities. Cuts in state government fiscal assistance to local governments, combined with shrinking property tax bases, make it hard for local governments to maintain current levels of...

Using data from 1983 to 2009 on revenues, housing prices, and incomes, we forecast the impact of the U.S. housing crisis and "Great Recession" on the revenues of the nation's largest central cities for 2009--2013. We develop the concept of constructed cities, to allow valid comparisons across...

The housing crisis and the recession have placed tremendous fiscal pressure on the nation's central cities. Cuts in state government fiscal assistance to their local governments, plus shrinking property tax bases are challenging the ability of local governments to continue their current levels...