With billions of dollars flowing from Washington, D.C. to states and localities, it may not feel like this is a time when governments would be on the lookout for new forms of revenue. But the federal dollars are going to run out before long—and fiscally smart places are only using them for one-time expenditures, in any case.
So, the hunt is on for new revenues to support services for the long haul. Right now, most local governments in the United States rely largely on property taxes and sales taxes to pay the bills. But both of these revenue streams are troubled.
- Publication date: April 2022
- Authors: Katherine Barrett and Richard Greene