Generating New Revenue Streams

摘要

A downward spiral in California city governments' revenue streams has occurred for the last five years starting with the housing bubble that burst property tax returns by 40 percent. Warnings contained in the California Department of Finance's Economic Indicators, January-February 2008 report state thatrnthe current economic slowdown afflicting California and the nation is the result of a one-two punch. The first blow fell in 2005 and 2006 when real estate markets peaked and began a gradual slowdown, Late in 2006, it appeared that despite some kisses, home sales and prices had stabilized.