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Feb 19, 2021 State and local governments, not only here but across the United States, are facing uncertain financial outlooks as the pandemic continues to reach its multi-pronged devastation. The Wall Street Journal noted in a Jan. 13 article that “for governments that rely on property tax revenues, the impact of economic distress typically takes a while to be felt as business closures and other disruptions are factored into property values.” Any Pennsylvania resident who pays taxes knows the degree to which counties and other units of municipal government are dependent on real estate levies to finance their operations and the services that they provide. ....
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