On August 5th I wrote about the housing market beginning to improve and the carpet industry enjoying an uptick in sales. There were even hints of optimism coming out of Dalton. During the next few years, carpet cleaners should also show increased sales from this trend unless something happens to dampen the improving conditions.
That dampener may well be local government. According to an economic newsletter, local government agencies are seeing an increase in property values and taxes from the increased valuation of property which are the source of much of their income. New hires by local government agencies are expected to top 100,000 by the end of 2013.
But wait! If the increases just started this year and won't reflect on property taxes until next year, how can they have the increased revenues this year? And another thing. If a citizen files for tax relief on a property that has decreased in value, it takes about three years to get that through. The smoke and mirror accounting used in Washington must have filtered down to the locals.
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