Dire Future for Local Governments If Revenue-Raising Powers Are Not Fixed.
AScribe Law News Service, December, 2007
Byline: The Urban Institute
WASHINGTON, Dec. 17 (AScribe Newswire) -- The existence of local governments will be in jeopardy without a significant change in the way they are financed, David Brunori warns in the new edition of his Urban Institute Press book "Local Tax Policy: A Federalist Perspective."
"Without reform to ensure stable tax revenue, local governments could be weakened to the point of irrelevance," he forecasts. "That stable tax revenue must be within the political and legal control of local government institutions. Without such a revenue source, local governments will be incapable of efficiently and effectively providing services. More important, local governments will continue to cede financial and political control to the states."...
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