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SOURCE Lincoln Institute of Land Policy
Fiscally Standardized Cities on Lincoln Institute of Land Policy Website
CAMBRIDGE, Mass., Sept. 12, 2013 /PRNewswire-USNewswire/ -- As Detroit faces bankruptcy and many other cities across the U.S. address an ongoing crisis in municipal finance, the Lincoln Institute of Land Policy has created a new interactive database that for the first time allows meaningful comparisons of city finances – from spending on schools, police, and public works to revenues from the property tax and other sources.
The Fiscally Standardized Cities (FiSC) database allows users to compare local government finances for 112 large U.S. central cities across more than 120 categories of revenues, expenditures, debt, and assets. Based on data collected by the U.S. Census Bureau, the FiSC database provides 34 years of data (1977-2010), with additional years to be added as the data become available.
Until now, it has been virtually impossible to make meaningful fiscal comparisons among the nation's central cities because of major differences in how cities deliver public services, with some city governments providing a full array of public services while others share the responsibility with a variety of overlying independent governments.
The unique methodology of the Fiscally Standardized Cities (FiSC) database accounts for these differences in local government structure by adding together revenues and expenditures for each city municipal government and an appropriate share for overlying governments, including counties, independent school districts, and special districts. Thus FiSCs provides a full picture of revenues raised from city residents and businesses and spending on their behalf, whether done by the city government or a separate overlying government.
The FiSC database allows for apples-to-apples comparisons of local government finances at the city level, whereas comparing the finances of city governments alone is like comparing apples and oranges and thus is completely misleading. Two examples illustrate the importance of the FiSC estimates:
The recent bankruptcy of Detroit and several California cities highlight the importance of studying the fiscal conditions of America's central cities. The FiSC database makes it easy to gather information about public finances in our largest cities. For example, with a few clicks one can discover that:
The FiSC database provides a unique resource for all those interested in exploring government finance in our largest cities. It has been designed for policymakers, journalists, researchers, and others interested in comparing city finances. It is easy to construct custom tables using a series of drop-down menus, which can be displayed on the website or downloaded as an Excel spreadsheet. The datasets include data for each city and each of its component governments-cities, counties, school districts, and special districts.
The methodology used to construct FiSCs was developed by Howard Chernick (Hunter College, City University of New York), Adam H. Langley (Lincoln Institute) and Andrew Reschovsky (University of Wisconsin-Madison and Lincoln Institute). Adam H. Langley was responsible for the development of the web-based FiSC database.
The latest addition to the Resources & Tools section of the Lincoln Institute website reflects an ongoing commitment to provide data free of charge for analysis and research. The Fiscally Standardized Cities database joins other databases in this section of the website including Significant Features of the Property Tax, Land and Property Values in the U.S., University and Real Estate Development, and the Atlas of Urban Expansion.
The Lincoln Institute of Land Policy is a leading resource for key issues concerning the use, regulation, and taxation of land. Providing high-quality education and research, the Institute strives to improve public dialogue and decisions about land policy.
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