As the Network has partnered with cities across the country, local and national press has taken notice, frequently writing about the Network’s approach and impact.
City’s budget reserves will fall to zero in five years without drastic measures. Aldermen heard how to overcome this challenge during presentation from the National Resource Network.
Gary Mayor Karen Freeman-Wilson shares how city officials are already working on putting together the plan that will stabilize the city’s financial picture – erasing the days of a city that couldn’t come up with enough cash to pay its basic bills.
In the short term, the city needs to identify ways to cut costs and increase revenue without harming services that are critical to quality of life. In the long term, it has to make strategic investment to grow the tax base and economic opportunity for its residents.
When cities and states work well together, they form a formidable force for revitalization and growth to overcome America’s toughest economic and fiscal challenges.
Cities facing poverty and population decline can become trapped in a cycle of structural deficits, Eichenthal said. A balanced budget may be essential to the governance of a city, but that alone won’t attract many new residents.
During the last 12 months, Scranton Tomorrow has been meeting with partners to identify a clear strategic vision to revitalize downtown. The process was led and supported by an independent third party, the National Resource Network.
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