"Local governments are holding their breath to see how the first general reassessment since the implementation of property tax caps in 2008 will ultimately affect revenues.
In the meantime, some have adjusted to the new realities brought about by the tax caps. The town of Highland for the first time in years won't have to issue tax anticipation warrants to keep its cash flow in the black, said Michael Griffin, Town of Highland clerk/treasurer.
"That doesn't mean we have tons and tons of money," Griffin said. "It just means we have sufficient cash flow."
Still, it's going to be tough going for many larger municipalities in the region, which have higher costs due to the greater demand for services there, Griffin said.
State revenues have beat forecasts for two straight quarters now. That means cuts to education and other basic services may be over, although no one expects big increases in state or federal spending anytime soon."
http://www.nwitimes.com/business/local/government-budgets-remain-tight/article_6568c193-ff8a-576b-a6a1-803d4d7c3d40.html
