| || |
April 5, 2011 - John D'Agostino
A headline in an edition of The Wall Street Journal last week proclaims "Tax Revenue Snaps Back."
That may be good news for the states, which are greatly funded by sales and income taxes, but it is not good news for municipalities and schools, the article states. "(Local) governments are still very much in the midst of the downturn and are likely to have a couple of tough years ahead," Chris Hoene, director of research for the National League of Cities, told the Journal.
If local governments across the nation — that benefited from a housing boom before the recession — face struggles, then our area, which has not seen a boom since the 1950s, will definitely suffer. And despite the approval of a New York state budget, there is still no promise of a cap on property taxes.
With that being the case — and the county government’s continuing lack of effort to decrease taxes instead of spending — the landscape for private and housing development here may become worse.
Continued tax increases for services, schools and entities are a recipe for disaster — a recipe compounded by too many chefs (governments and schools districts) as part of the county.
No comments posted for this article.
Post a Comment