WVML Press

NLC Survey: City Fiscal Conditions Continue to Worsen

The unprecedented economic conditions facing the nation are increasingly straining the ability of cities to meet their financial needs. In a recently conducted survey of city finance officers by NLC, 84 percent reported facing fiscal difficulties, up from 64 percent only six months ago. This is the highest percentage in the history of NLC’s surveys, dating back to 1985.


Almost all cities responding expect the current economic hardship to continue well into 2009. Ninety-two percent of the cities surveyed expected to have trouble meeting their city needs during this year.

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Princeton nears century of cityhood

Back in the 1830s there was a village called Princeton. This small community grew and prospered until finally, on Feb. 20, 1909, a move was made to incorporate created the City of Princeton. When Feb. 20, 2009 arrives, the city will start celebrating the centennial of its existence.


“What a lot of people don’t know is that we’re celebrating the incorporation,” said Connie Shumate of the Princeton Public Library. “Because before there was a City of Princeton, there was a village of Princeton as early as 1837. On Feb. 20, 1909, the city was incorporated, and if you know the history of the area, you know that the incorporation of the Virginian Railway and the city went hand-in-hand.”

Read more: Princeton nears century of cityhood

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