It derives much of its revenue from sales taxes and has no city property tax.

其收入大都来自营业税，没有城市财产税。

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The city offers tax breaks and USES a portion of the property tax to pay for improvement projects.

城市不仅提供减税或免税的优惠，而且拿出部分财产税来支持城市复兴项目。

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Subsequently, several factories were constructed there, crime rates in the area declined, and property tax revenues for the entire city increased.

随后，那里建立了若干工厂，犯罪率降低了，全市资产税收入增加。

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In return, the city promised to reduce property tax rates by 15 percent and pay cash for capital improvement projects from that point forward.

FORBES: Will Choice Or Necessity Reduce Exploding Municipal Debt?

All of the city's money comes from property tax, and as property prices went into freefall, the local government's income was slashed.

BBC: Debt and defiance in bankrupt Stockton, California

The City, with Revenue Commissioner Keith Richardson taking the lead, is considering a measure that would allow the City to seize personal property to settle tax debts.

FORBES: States, Local Governments Consider Aggressive Tax Collection Efforts To Plug Budget Holes