This is a big one. Entire tax bases are effectively drying up because people aren't driving in or are moving away.
Not just income or payroll taxes, but also regular traffic simulating the local bars, cafes, gas stations & oil changers, dry cleaning, late night pizza, you name it. If these folks can't make their nut then they can't pay rent, and end up moving away or going out of business. Then the problem snowballs.
And then there are the other sources of cash, i.e. speeding tickets, parking fines, and jaywalking citations.
Arguably this is the 'invisible hand of the market' doing its thing, but it's hard to run a municipality if your year-by-year tax base could change dramatically.
Not just income or payroll taxes, but also regular traffic simulating the local bars, cafes, gas stations & oil changers, dry cleaning, late night pizza, you name it. If these folks can't make their nut then they can't pay rent, and end up moving away or going out of business. Then the problem snowballs.
And then there are the other sources of cash, i.e. speeding tickets, parking fines, and jaywalking citations.
Arguably this is the 'invisible hand of the market' doing its thing, but it's hard to run a municipality if your year-by-year tax base could change dramatically.