Unformatted text preview: repair, improvement, and administration of streets and public
highways. Parks and recreation districts receive
revenue from a state-run lottery. This revenue
is used for open space and recreation programs.
The School Finance Act provides funding to local
governments and is a significant state-funded program. In addition to traditional revenue sources,
since 2009, ARRA funds have provided a major
offset to revenue loss for municipalities and districts across the state.
Municipal finances continue to struggle as revenue
associated with sales and property taxes have failed
to return to their pre-2008 levels. Revenue’s failure
to recover is a result of persistent low unemployment across municipalities and slow or no growth
in property tax revenue. According to the U.S.
Bureau of Labor and Statistics, Colorado statewide
noneducational local government employment
continues to decrease. Although revenue may rise
slightly for some municipalities, continued stagnation or declines in revenue for most Colorado local
governments will force...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery