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Tuesday, February 23, 2010

UPDATE: Governments seeking new revenue streams

Last month, I brought up the paradox created when income and property taxes fall, just as the demand for social assistance and other government programs is going up. (See the story about "Governments digging through the couch cushions" for revenue from January 18, 2010.)

In a story from this morning's New York Times, analysts consider state revenues from the most recent quarter, which continue to look bleak. (In fact, the author of the story actually refers to states "looking for loose change under the sofa cushions.") Click here to read the story.

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