Local governments could “weaken” if this property tax law dies, ratings agency says
Counties and municipalities will feel a budget crunch if the state Legislature doesn’t renew a 2 percent cap on the salaries police and firefighters can win through arbitration, a Wall Street Rating agency warned Wednesday. Echoing local government officials who’ve warned of impending tax hikes and spending cuts if the cap expires Dec. 31, Fitch Ratingsā¦