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SubjectsFinance › Coping with Critical Revenue Shortfalls
Updated 10/2011

Coping with Critical Revenue Shortfalls

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About Current Revenue Shortfalls

Current budgets have been prepared and adopted during a time of unprecedented economic uncertainty. The real estate and the financial sectors are under tremendous strain, inflation is unpredictable, and unemployment is on the rise. As a result, local jurisdictions are seeing a slowdown in revenues, particularly in economy-dependent revenues such as sales taxes and real estate excise taxes. The economic forecast also anticipates an increase in the delinquency rate in the payment of property taxes, which are a major source of funding for local governments. This page answers the question: what are Washington local governments doing to cover the revenue shortfalls? Information sources for Revenue Shortfalls: Coping Actions by Washington Local Governments include budgets, news releases, webpages, and documents received by MRSC. If you have information to contribute, please send to Lynne De Merritt, Senior Research Consultant, or Lynn Nordby, Public Policy and Management Consultant.

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