Today, POLICEPAY begins the big expose of the financial condition of major cities in the United States. One-by-one, we will publish the ten year history of each city's revenue growth over the last decade. We will give you the audited numbers and a bar graph that illustrates those numbers. There will be no commentary. The numbers and graphs will speak for themselves. There are two things to keep in mind. First, it takes about six months to complete the audit of a city. For a year ending December 31, 2011, it will be July 1, 2012 before the audit is released. Second, cities all have different year ends. Most city fiscal years end in either December or June, but a growing number have September. The newer the data, the more dramatic the recovery from the recession. We are just now getting the September 30, 2011 audits.
Sit back and enjoy the ride. We will begin on the West Coast and move Eastward. It may take a month to get all of the large cities on this blog. The first cities will be posted this morning.
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