"From 2002 to 2007, state and local government revenue increased 69.6 percent to $3.1 trillion, while expenditures rose 29.5 percent to $2.7 trillion, according to the Census Bureau report released on Wednesday.""Over a third of 2007 revenue came from taxes, the report found. Property tax revenue totaled $383.14 billion in 2007, up by 37.2 percent from 2002, and equal to 30 percent of overall tax revenue, according to the Census."
Wednesday, September 30, 2009
"Before the U.S. recession delivered a one-two punch to state and local economies, most cities and states experienced five years of rapid revenue and spending growth, according to a U.S. Census Bureau report."