Home insurance premiums now outpace property taxes in most US counties
Homeowners in two thirds of US counties are paying more for insurance than for property taxes as climate-driven disasters push premiums higher and threaten local budgets.
Taxes and Public Finance 1 article
Government finance involves more than setting tax rates. California state and local authorities collect revenue, issue bonds, manage debt, and decide how public funds are allocated. Pension obligations, sales tax measures, special assessments, and fiscal reports help reveal the long-term cost of those choices. Revenue and debt choices can constrain future budgets long after the original spending decision has passed.