The Fiscally Standardized Cities (FiSC) database makes it possible to compare local government finances for 150 of the largest U.S. cities across more than 125 categories of revenues, expenditures, debt, and assets, with annual data going back to 1977. The estimates account for the fact that some city governments provide the full array of local government services, whereas others share the responsibility with overlying counties, school districts, and special purpose districts.
FiSCs are constructed by adding revenues and expenditures of each central city municipal government to a portion of the revenues and expenditures of overlying governments, including counties, independent school districts, and special districts. The allocations to FiSCs are estimates of the revenues collected from and services provided to central city residents and businesses by these overlying independent governments. Thus, FiSCs provides a full picture of revenues raised from city residents and businesses and spending on their behalf, whether done by the city government or a separate overlying government.