Cities Are Experiencing Significant Tax Revenue Growth, Auditor Reports
California cities are experiencing significant tax revenue growth, the state auditor reported August 17, adding: “Because of these increased revenues, most cities are well positioned to increase or improve services for residents or reduce taxes and fees.” A chart in the report carried the headline, “Fiscal Drought? City Revenues Actually Are Pouring In.” Out of the more than 450 cities in California, only one – Yountville – is projected to receive insufficient stimulus funds, property tax revenue, and other tax…