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The NLC survey reported that cities’ General Fund revenues have still not yet fully recovered from the 2006 recession and remain at less than 98% of that year’s levels.
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Nearly three of four respondents to Government Fleet’s 2016 financial survey said budgets have returned to 2010 levels, and low fuel cost was one of the biggest contributors to operating budget reductions.
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The City of Lexington, Ky., mayor signed an executive order that temporarily allows police officers to drive their cruisers for personal use at no cost to them.
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The economy is undoubtedly improving, and oftentimes, public fleet finances are improving along with it. In a Government Fleet survey, 59% of respondents said their fleet finances are back to pre-recession levels and 80% said they’re optimistic about the future, but others still face challenging times and fear their budgets will never get back to “normal.”
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