» Articles from January 2008
County Budgets: Dual Perils Ahead
As the slowing U.S. economy curtails municipal tax revenues across the country, many Hudson Valley counties, including Columbia, Dutchess and Rensselaer, are also facing sharp increases in capital spending on roads and buildings.
The dual perils of declining sales taxes, which comprise 30-50% of a county’s tax revenues, and a large backlog of urgent capital projects will likely put a growing burden on property taxpayers, especially in more heavily indebted counties that cannot borrow much money to fill the fiscal gap. Read more
County Budgets: Dual Perils Ahead
As the slowing U.S. economy curtails municipal tax revenues across the country, many Hudson Valley counties, including Columbia, Dutchess and Rensselaer, are also facing sharp increases in capital spending on roads and buildings.
The dual perils of declining sales taxes, which comprise 30-50% of a county’s tax revenues, and a large backlog of urgent capital projects will likely put a growing burden on property taxpayers, especially in more heavily indebted counties that cannot borrow much money to fill the fiscal gap. Read more