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Monday, September 19, 2011

Moodys notes Decline in Assessed Valuation Affect on Cities: Yahoo

Moody's foresees further declines in revenue for cities and counties with the cutbacks in Federal aid to governmental units---combined with declining assessments for property, the two add up to further difficulty.

Click on the post for the article in Yahoo.

A good example of a decline in Evansville is the sale of the Police Station on East Main street. It was assessed at $179,000 two years ago and sold for about $145,000.

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