Cities Are Running Out of Money

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?Guests:Minh Nguyen, owner of Cafe TH in HoustonChris Brown, Houston City ControllerMildred Warner, professor of urban planning at Cornell. Host: Henry Grabar Hosted on Acast. See acast.com/privacy for more information.