Adjusted for inflation, state and local government revenues have more than doubled since the 1970s. But state and local politicians haven’t collected nearly enough taxes to pay for the retirement promises they’ve made to their friends in government employees unions.
It’s September – time to pay property taxes! Most property owners will see a significant increase in taxes due this fall. Assessments were way up (8.2 percent for residential property in urban Polk County, for example), and most jurisdictions are
Stress testing is a rigorous analysis showing likely outcomes under various scenarios of tax collection, market performance and fiscal health, and provides an underpinning for policymakers to understand and respond to the impact of economic volatility on pension plans.