Sunday, March 15, 2009

Declinging Property Values Affect Local Governments

This article from LA Times is one of many we have run across recently that describe the affects of declining real estate values on local governments. Because so many local governments depend on real estate taxes as their primary source of funding, the declining value base will have a large ripple affect on local budgets.

At the GIS and CAMA conference in Charleston SC in February ( Robert Scripture of Oakland County Michigan gave a presentation on how CAMA data can be used to predict this loss in revenue to help local officials plan for these changes. We will post his presentation to the national cad web site when it is available.

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