Chicago, January 29, 2013
The Great Recession, Municipal Budgets, and Land Development
According to annual surveys by the University of Illinois at Chicago (UIC) and the National League of Cities (NLC), cities have been eliminating jobs, decreasing infrastructure investments, and scaling back services for more than a decade. For many municipalities, the Great Recession has exacerbated these trends, endangering these communities ability to invest in future economic growth. Furthermore, the changing nature of municipal revenue structures affects land-use policy and the nature of future development projects.
In April 2012 UIC and NLC received a $950,000 grant from the John D. and Catherine T. MacArthur Foundation to conduct a three-year study of municipal responses to the Great Recession. In this program, Michael Pagano from UIC shared some highlights of his research to date with a special emphasis on the immediate, and likely lasting, effects of the Great Recession on municipal revenue structures and decision making regarding the type, timing, and location of new development.
About the Speaker
Michael Pagano is dean of the College of Urban Planning and Public Affairs and interim dean of the College of Business Administration at the University of Illinois at Chicago (UIC), Fellow of the National Academy of Public Administration (which was chartered by Congress to assist federal, state, and local governments in improving their effectiveness, efficiency, and accountability), co-editor with Susan Clarke of Urban Affairs Review, and faculty fellow of UIC's Great Cities Institute. The focus of his work is municipal finance and its relationship to the intergovernmental system.