Declining property tax collection may hit city budgets

Nov 15, 2022
Seattle recently had to redraw its budget after forecasting a $27 million drop in revenue from one real estate tax.
The San Francisco skyline. The city's chief economist Ted Egan said he's increasingly worried about a drop in property tax revenue.
Justin Sullivan/Getty Images

State tax revenue takes a hit from SALT cap

Feb 5, 2019
The 2017 tax reform law put a cap on how much state and local taxes Americans can deduct on their federal tax returns. Now states are beginning to feel the pinch of reduced tax revenue because many people are moving away from high-tax jurisdictions. The situation is so bad in the northeast where tax rates […]
Governor of New York State Andrew Cuomo speaks on stage at the HELP USA 30th Anniversary Event at The Plaza Hotel on March 16, 2017 in New York City.
Monica Schipper/Getty Images

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