Evidence from Germany: When the federal government bails out state governments, unsound fiscal policies emerge.
Tax Less but Spend More in Millburn, N.J. “Taxes have grown with people’s expectations of what local government should provide.” (The average homeowner pays $18,195 in property taxes.)
“No revenues left to share.” Rhode Island likely to cut funds to local governments again.
Against the tide: Atlantic City to expand outlet mall, “The Walk” with a $9 million loan from the Casino Reinvestment Development Authority.
Tax District forming in NOVA to extend DC Metro to Dulles Airport; Fairfax, VA will pitch in $90 million.