POLS 207 Lecture 21:
16 Apr 2019
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Document Summary
State and local taxes: most state tax revenue from , most local tax revenue from , property taxes - 75. 1, general sales - 11, individual income - 33. 7, general sales - 31. 7% Revolting against taxes and spending: popular opposition to rising taxes, most americans think taxes are too high, tax limitations. When ends don"t meet: state and local debt, constitutional restrictions, general obligation vs. revenue bonds. When a local government goes bust: slow recovery from the great recession, some cities in deep financial trouble have been rescued by state and federal governments, the goal, financial resiliency.
