Rethinking Revenue

Rethinking Revenue Diversification, Warren Buffet Style

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Billionaire Warren Buffett is famous for his blunt commentary on everything from tax policy to baseball to ukulele playing. And of course, his advice on investing has moved markets and made personal fortunes. According to some recent research, his ideas on picking stocks might also be good advice for managing local government revenues.

Local government revenue structures are front and center these days. For this we can thank GFOA’s pathbreaking “Rethinking Revenue” initiative. Rethinking Revenue is a deep dive into big questions—what local governments tax, why they tax it, and how they can build better tax structures for the future.