Where TF Does Our Tax Money Go?
🧐 Research Wanted 🤔
Federally we all know but locally, WTF? I, unfortunately, live in a NY (upstate) and my property taxes alone are 13k/year for town+school. Roads and bridges are crumbling with no projects in sight. Audits needed at local levels. We're being fleeced on all fronts. Near zero is being spent on infrastructure and it's been this way for nearly a decade. So where's it all going?
I seem to remember that people were researching in the 90's state Comprehensive Annual Financial Reports (CAFR) and noting that states had huge reserves of assets that could be used to finance everything without taxes.