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Portland Tops Pew Post-Recession Recovery City Survey

money-graphA Pew Charitable Trusts study indicates that financial assistance from U.S. states helped some cities rebound from the recession that occurred from 2007 to 2009, Reuters reported Monday.

Lisa Lambert writes Portland, Ore. recovered the highest revenue level at up to 110 percent, which is similar to the city’s peak prior to the recession, after the end of 2011 fiscal year on June 30, 2012.

Other cities that achieved pre-recession revenue peaks included Washington, San Francisco, San Antonio, Pittsburgh, Atlanta, Dallas, Chicago, St. Louis, Cincinnati, Baltimore, New York, Philadelphia and Denver.

Pew found delays of property tax assessments resulted in local funds being damaged by the recession, according to Reuters.

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