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Mayors Sound Alarm Over Drop in City Revenues
Even as economists declare the recession over, local revenues continue to fall. That's because the lion's share of their receipts -- sales, income and property taxes -- are connected to the job market and real-estate prices. Jobs and real-estate prices are expected to lag the broader economic recovery, reducing city revenues for months or years after the technical end of the recession.
Submitted by
etfguy
11/24/2009
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etfguy
11/24/2009
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