✂️ Local cuts often follow when states cut property taxes
The Ledger State Fiscal Resources Property Tax Reforms May Increase Fiscal Strains Local governments depend on property taxes for predictable revenue to fund essential services such as schools, libraries, hospitals, and parks. So when states enact property tax cuts—for example, to address current public frustration over the cost of living—the effects can be felt far and wide. This difficult trade-off shouldn't go unnoticed by officials as property tax reform movements gain steam throughout the states. WHERE AND WHY Disasters Will Keep Coming—and Costing States When it comes to managing floods, wildfires, and other disasters, states are facing a new reality . Why? Not only are these events getting more frequent and severe , officials are now facing many emerging budget constraints —all while the level of federal disaster support remains uncertain. But it's not all gloom and doom . States can get ahead of the n...