What Is the Outlook for Local Government Revenues in the Tenth District
分析了美国第十区地方政府在财产税和州转移支付方面的收入前景，指出2011财年收入增长可能最慢，且疲软可能持续数年。
Local governments in many parts of the country continue to struggle with slowing revenues. Local governments rely heavily on property taxes and transfers from state governments, and revenues from both of these sources may remain weak over the next few years. As new property tax assessments begin to reflect the decline in house prices over the past few years, local property tax revenues may fall in many areas unless tax rates are increased. In addition, decreases in state revenues over the past few years have led to a slowdown in state transfers to local governments. This article finds that for this downturn, local government revenues from property taxes and state transfers combined were likely slowest in fiscal year 2011. However, weakness in local government revenues may continue for several years, especially if home prices decline further. Despite declines in home prices and state government revenues, projections based on historical experience suggest that local governments