This January marks the 23rd anniversary of the North American Free Trade Agreement (NAFTA) between the United States, Mexico and Canada. This signature achievement of President Bill Clinton’s first term passed the House (234 –200) and the Senate (61–38).
States increasingly limit counties’ capacity to raise adequate revenue to fund their activities; at the same time, state and federal governments are imposing more mandates on counties, without providing adequate funding.
A new study to be released by NACo this week examines the financial pressures facing counties as they grapple with state limits on their ability to raise revenue, and the impact of state and federal mandates.
The report includes a breakdown of county revenue sources along with state limitations on property taxation and sales taxes.
NACo’s State Limits and Mandates Profiles detail county revenue authority, state and federal funding received by counties, fiscal challenges counties are facing and solutions counties are using to respond to these challenges.
NACo’s Marketplace Fairness Act (MFA) Profiles report the amount of revenue counties are not able to collect in each state, as well as the growth rate of that uncollected revenue from 2011 to 2013 and the critical services that this missing revenue could support.
Counties are an essential part of the nation's transportation system. They are responsible for building and maintaining 45% of the public roads, 230,690 bridges and are involved in a third of the nation's transit and airport systems that connect residents, businesses and communities.
NACo’s Municipal Bonds Profiles examine the cost of interest payments on tax-exempt municipal bonds and the top infrastructure purposes of municipal bonds. The profiles also estimate the cost of either repealing the tax-exempt status of municipal bond interest or implementing a 28 percent cap proposal.