Revenues

California's redevelopment agencies have almost as much if not more debt than what they pull in from tax revenues, according to this investigation by The Wall Street Journal.

As recession-reduced property tax levels begin to play out in cities across the U.S., municipalities are beginning to react to the realities of lowered revenues.

Falling tax revenues are a major element of the current economic woes facing many American cities. A recent study by the Pew Charitable Trust finds that few are increasing taxes in order to close budget gaps.