RIP Florida and Texas.
Carl R. Tannenbaum
 @NT_CTannenbaum
22 Apr 2020
Another reason why states are a weak spot in the U.S. economic picture: the orange areas represent reliance on sales tax revenues, which have fallen off a cliff.
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Vermont is the only state that got it right
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You could live in a city that was projecting in FY 2020 to have its hotel tax revenue ($29M) be more than half of its property tax revenue ($53M). (Sales taxes $34M, fwiw.) Turns out that leaves a pretty big hole in the budget too. (cityofpaloalto.org/civicax/f…, page 37)
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Replying to @davidbaron @alfred_twu @khuey_
(Probably not an unusual situation for a bunch of highly-visited bay area cities, really.)

Apr 23, 2020 · 1:44 AM UTC
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