Better days ahead for local governments?
Though the scene is uneven nationally, recent data indicate that the drastic shrinking of employment in the public sector may be over, with hopeful signs of a rebound in some pockets benefitting from an improved economy. If the current trends continue, government officials across the nation would breathe a collective sigh of relief.
What’s more, data released in March 2012 by the Census Bureau brought more encouraging news, showing that total tax revenue for state and local government rose 4.5 percent last year, the biggest gain since 2006, and property taxes have increased for two consecutive quarters.
Read the entire story from American City & County, our sister publication.