FEATURE: REVENUE TRIPLE WHAMMY

Source: Governing Magazine/November 2008

States and localities are experiencing shortfalls in all three of their major revenue sources. No tax is safe. The housing crisis will depress property tax collections. Job losses and the stock-market meltdown will take a toll on income taxes. As for sales taxes, shoppers are staying home–mall traffic fell by an average of 10.5 percent the last two weeks in September.

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