The general property tax is a stable, predictable source of funding, especially important characteristics for local governments, because many of their functions (such as police and fire protection, record keeping, and the provision of prisons, jails, schools, and libraries), are fairly constant from year to year.This stability can be critical during and after ________.

Question

Quizplus · Accepted Answer

The stability and predictability of the general property tax are especially important during and after recessions when local governments may experience budget cuts and revenue declines.

The General Property Tax Is a Stable, Predictable Source of Funding