Do local governments that derive revenue from sales and property taxes benefit from inflation, or is it a wash since their operating costs are also affected?
Thinking they may see some benefit if most of their spending is done through multi-year contracts. Local government employees may get 'cost of living' pay raises but it's nowhere near (to borrow a term from the weather channel) the 'real feel' inflation rate.
PaulAllen / Paul Allen
npub1m6…79dnn
2024-07-29 15:23:58
Author Public Key
npub1m6x20f4n7uc5ayvjr4xut6g4ldau90fjz202d9nrythl5jq9p3xq579dnnPublished at
2024-07-29 15:23:58Event JSON
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"content": "Do local governments that derive revenue from sales and property taxes benefit from inflation, or is it a wash since their operating costs are also affected?\n\nThinking they may see some benefit if most of their spending is done through multi-year contracts. Local government employees may get 'cost of living' pay raises but it's nowhere near (to borrow a term from the weather channel) the 'real feel' inflation rate.",
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