Simply put, ACC competes for
limited city revenues with approximately 75 other municipal agencies.
Not exact matches
The
city of San Francisco will lose $ 58 million in tax
revenue over the next decade if it passes a controversial measure to
limit Airbnb listings to 75 days, according to an Airbnb study.
And he rebuffed concerns the tax cap for New York
City would harm its
revenue, saying it was important to promote low - tax policies there, and pointed to the success of
limiting levy growth elsewhere in the state.
Other deprived
cities have council leaders who make «jaws of death» presentations about rising demand for service areas vs
limited revenues that produce problems with the funding of statutory services.
The
city added that its study would not be
limited to Uber, but that it would also study the taxi and car - hail industries more broadly, «with a particular focus on
revenue for public transit, consumer protections, driver and employee protections, and accessibility for people with disabilities.»
Local governments, in particular upstate
cities, have been squeezed by a property tax cap that
limits revenues, declining population, and high costs for benefits for workers.
The plan would also reinstate a «lockbox» to
limit the diversion by the state of any new MTA
revenues for other purposes and would create a work group to assess the adequacy of public transportation in the
city and its funding.
The Council said that while the
city's debt issuance remains well below the constitutional
limit of $ 98.2 billion, there are several factors that should be monitored since the
city's debt service is projected to rise as a percentage of
city revenues.
The budget also extends for two years the so - called millionaire's tax, preserving up to $ 4.5 billion in annual
revenue, and keeps in place a cap
limiting the number of charter schools, both positive outcomes for
city public schools.
Still, while the
City of Corning is thriving compared to many others in the Southern Tier, it's not immune to the economic pressures facing local governments across upstate: a stagnant tax base, rising pension costs and a
limited ability to increase
revenues due to the state property tax cap.