Hubbard County cities keep pace with statewide growth trend
Per capita, small cities lagged behind large in the state auditor s report on 2019 Minnesota city finances.
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State Auditor Julie Blaha’s office reported that Minnesota cities’ revenues increased by 6.7 percent and expenses increased 7.2 percent in 2019.
The 2019 Minnesota City Finances Report, released at the end of February, summarizes current and long-term trends based on city reporting forms, financial statements and audits.
“While the strain on city finances caused by the COVID-19 pandemic remains ongoing, this report shows robust growth for cities in both revenues and expenditures in the year prior,” Blaha said in a media release.
How much money South Africa’s biggest cities earn
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The South African Cities Network (SACN) has published its biennial
Since the 2018 report, South Africa’s economy has continued to perform poorly due to a myriad of challenges, which include a decline in economic growth, persistently high levels of unemployment, struggling state-owned enterprises, and electricity supply shortages.
More recently, the global shock, prompted by the Covid-19 pandemic and unprecedented lockdown, aimed at protecting public health, has led to a sharp contraction in the economy, with the latest data from Stats SA putting the expected decline at 7% for 2020.
Because of the adverse economic conditions, South Africa’s biggest cities are finding it increasingly difficult to raise sufficient revenue to cover their mandates, SACN said, mainly as a result of structural issues within the local government the deteriorating macro-economic environment in which they operate.