01/11/2021
New year - the same problem becomes worse. The already tight local counties and municipalities budgets are being devastated! A recent survey by the National League of Cities indicates that cities and towns have lost 21% of their revenue on average since COVID struck. Irma Esparza Diggs, the league's director of federal advocacy, says local governments are falling into a fiscal hole it will take years to climb out of.
For any town to operate, neighborhood, community, anybody's businesses to open, you have to have water, sewer, electricity, fiber, police protection, fire protection. Those are all provided by the counties and/or municipalities. The local governments across America have lost more than a million jobs since the pandemic began, and they say they are desperate for help. NPR's (npr.org) Jim Zarroli reports.
Property Tax Liens fund cash-strapped local government budgets and rescue them from a financial crisis! Investing in tax liens not only pays an attractive interest rate to the investors, but provides otherwise missing tax revenues and helps the local governments to pay for critical services.
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