Top revenue source for state governments?  Why, it's Uncle Sam, of course!

In a historic first, Uncle Sam has supplanted sales, property and income taxes as the biggest source of revenue for state and local governments.

The shift shows how deeply the recession is cutting. Federal stimulus money aimed at reviving the economy and a sharp drop in tax collections have altered, at least temporarily, the traditional balance of how states, cities, counties and schools pay for their operations.

What could possibly go wrong with that arrangement?

Posted by: DocJ at 12:31 PM | No Comments | Add Comment
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