Robust Housing Market Underpins City Revenue Growth

One year removed from schools and many businesses shutting down due to COVID-19, local governments are honing a clearer picture of the economic fallout from the pandemic.
Alex Kung, La Cañada Flintridge director of finance, had a simple summation for city council members during a special meeting on Tuesday.
“In summary, the city’s net position changed for the positive over the past year,” he said.
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