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Are been institute, this runs an hour. After recordbreaking declines in Economic Activity in the Second Quarter 1 45,020 we are going to be 25 vote in the Second Quarter. For people who are still struggling to climb out of. What is written about the cake shaped recovery, workers at the low Income Distribution who dont have option to work from home and for whom federal help is already taken away. As we see with fewer workers buying lattes, any service that depends on a smile, what does that mean for revenue . One estimate suggests in high rent districts, employment is at 45 so we have my colleagues and i, for cities and looking at how it depends on revenue structure and exposure to covid19, federal and state policy response. If i could get the next slide plea ....
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also hav ....
[inaudible conversations] and its a pleasure to have you it is an organization that represents city towns and villages in america and today thank you for being here thbecause with the 34th annual School Conditions report each person in that room is here for a reason in cities all over america perhaps you enjoy a digging into data of the community i want to hear about what they are dealing with issues in the federal impact of those issues you just want to make sure youre in the right place at the right time owhat america will be dealing with the fiscal impact of our economy for go for all of these reasons it is about the connection between the needs of the communities and local government leaders to address those in the community and im often asked why its such an important report it really is because if you think about what is happening in the city halls and towns and communities in america town leaders and village leaders deal ....
Good afternoon, everyone. Welcome to the National League of cities. Im the ceo and executive have you in what we call cities in america. The National League of cities is an organization that represents the 19000 city, towns and villages in america. Today, we thank you for being here because we are releasing the 34th annual city fiscal conditions report. Each person in this room is here for a reason. If you are interested in what is happening in cities all over america, perhaps you enjoy digging into data and understanding the physical nature of the data on our community and you really want to hear about the pressure that city leaders face everyday and balancing their budgets, dealing with issues in the various policy issues and the federal impact on those issues or you just want to make sure you are in the right place at the right time dealing with and learning about what a ....
Good afternoon, everyone. Welcome to the National League of cities. Im the ceo and executive have you in what we call cities in america. The National League of cities is an organization that represents the 19000 city, towns and villages in america. Today, we thank you for being here because we are releasing the 34th annual city fiscal conditions report. Each person in this room is here for a reason. If you are interested in what is happening in cities all over america, perhaps you enjoy digging into data and understanding the physical nature of the data on our community and you really want to hear about the pressure that city leaders face everyday and balancing their budgets, dealing with issues in the various policy issues and the federal impact on those issues or you just want to make sure you are in the right place at the right time dealing with and learning about what a ....