state-taxes

More than a decade has passed since the Great Recession started in 2007, marking the worst worldwide economic period since the Great Depression. In the interim, it’s been a slow crawl toward a healthy global market. We’re not entirely there yet. Not every state in the U.S. has turned around, but we’re close. The fourth […]

government-collection-agency

It is an unfortunate reality that some of your constituents will fail to pay for their services or taxes in a timely manner. At a certain point, you will want to retain the services of a debt collection partner to assist in realizing payments on these delinquent accounts. When the time comes to choose a […]

government collection best practices

Government agencies face unique sets of challenges which can prevent them from being run like businesses. But that doesn’t mean government entities that provide utility and other services shouldn’t strive for the sorts of efficiency and revenue maximization that commercial enterprises do. Reassessing your billing strategies with government collection best practices can decrease your volume of […]

government data analytics

A recent report from the Pew Charitable Trusts highlighted ways to use government data analytics to inform decisions. Data provides a necessary measurement tool from which states can justify decisions, balance their budgets, and ensure their fiscal responsibility. Applying data-based metrics to better understand areas from spending to staffing has helped improve state decision making. […]

New-federal-tax-bill

As states plan their budgets, many will find there are pros and cons to the new federal tax bill. Some states will experience a new increase in revenue, while most will notice the new law does nothing to reduce the significant balance of state and local accounts receivable. According to the Board of Governors of […]

Bankruptcies-Signal-Fiscal-Health

Bankruptcies among municipalities aren’t something you hear about every day. But since January 1, 2010, more than 60 cities and other U.S. municipalities have filed for bankruptcy according to Governing.com. Among the largest of these bankruptcies is Detroit, which filed bankruptcy in 2013. Historically, other major cities and counties have filed bankruptcy as well, including […]

Personal-Income-Growth-Rates

Tracking the rise and fall of personal income levels sheds a light not only on you and your family’s economic status, but it also allows state governments to follow economic developments. Personal income levels consist of an individual’s wages, as well earnings from investments, and benefits from your employer or the government. Personal income data […]

state-budget-wildfires

So far, 2017 has been a notably bad year for wildfires, both in the literal and figurative sense. Nationally, wildfires have consumed nearly 9 million acres of land year-to-date, which is about 45% more than the annual average over the prior ten years. Fighting all of these fires is quite expensive, with the federal government […]

financial-slowdown-snail-2

By many markers, the national economy is performing well as of late. Unemployment figures recently reached a 16-year low, and we have seen steady GDP growth since the 2007 recession. However, those numbers don’t tell the whole story. According to the latest edition of an annual survey from the National League of Cities, a few […]

collection legislation

Despite the significant impact of the debt collection industry on the economy as a whole, relatively little research exists as to the impact that state-level collection legislation has on consumer financial outcomes. Preliminary findings in a recent staff report from the Federal Reserve Bank of New York reveal “consistent evidence that restricting collection activities leads […]