Professor Howard Busbee quoted in Daily Press

"We are facing the largest decline in the history of the state," Howard Busbee, an accounting professor at the College of William and Mary's Mason School of Business, said of all categories of tax revenue generated during the first seven months of the current fiscal year, which ends June 30.

In addition, a unique confluence of those tax losses, coupled with a significant reduction in revenues passed down from the state level, is forcing local governments to look inward for ways to balance their budgets. Read the full story.