rssThe Housing Crisis and the Coming City Budget Crunch
By Annie Lowrey |
10.06.10 | 11:10 am
The federal government’s single biggest source of revenue is income tax, but cities and towns are primarily funded by sales and property taxes. That means Washington’s revenue took a huge hit in 2008 and 2009, as payrolls declined. But Springfield and Bethesda and Houston? The bust of housing market More…
