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Cities are "cautiously optimistic" about their finances — with a caveat

Federal funds "helped save American cities" after the COVID-19 pandemic sapped their tax revenue, but inflation is tempering their financial health, the National League of Cities (NLC) said in a Wednesday report.

Why it matters: The American Rescue Plan Act (ARPA) and the new infrastructure law have been political footballs, but U.S. cities would be in a recession without them, according to the prominent lobby group.


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