The Audit Report – 2010 4th Quarter

How TMA Helps Clients Right the Fiscal Ship

By Chip Cooke It’s everywhere you look these days. The nation is awash in red ink as the recession continues to batter state and local government budgets. For the past three years we have watched as revenues from income tax, sales tax and property tax have declined throughout our client base. Pressure to eliminate items from client budgets has resulted in staff declines, early retirements, eliminated programs and stalled capital projects. With few exceptions, this downturn has become the new normal.