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The Great Recession’s Impact on the City of Dallas’s Budget

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  • Skip Krueger
  • Vaida Maleckaite

Abstract

This paper describes the impact of the Great Recession on the City of Dallas, Texas. As in many places around the country, economic output fell, unemployment increased, and city financial conditions deteriorated in Dallas during the recession. But property values fell less in Dallas than in other places, and the city has responded with expenditure cuts and a property tax rate increase, which have allowed the city to maintain its general fund balance, stabilizing bond ratings. Although economic output has begun to increase, unemployment remains high and fiscal conditions are still precarious. It may take more time to write the final word on how the Great Recession affected the City of Dallas.

Suggested Citation

  • Skip Krueger & Vaida Maleckaite, 2011. "The Great Recession’s Impact on the City of Dallas’s Budget," Municipal Finance Journal, University of Chicago Press, vol. 32(1), pages 71-87.
    • Handle: RePEc:ucp:munifj:doi:10.1086/mfj32010071
    DOI: 10.1086/MFJ32010071
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