Atlantic City Prepares to Shut Down Government, by Kate King, Wall Street Journal, March 21, 2016
Another interesting angle on own-source revenues (from an unexpected place, or is it?): Atlantic City, in the United States, has seen its tax base contract 64% since 2010. It is deep in debt and unable to raise money in the bond market because of its low credit rating. Officials have warned for months that the city would run out of money as early as April 1.
Thank you Elizabeth Bauch for flagging this article.