Five years of economic difficulty have taken a toll on the fiscal health of state,
local and even federal government agencies. Declining tax revenues coupled with the
reluctance of many jurisdictions to raise their tax rates and fees lie behind the
revenue problem. Housing values have yet to recover in many areas, and the national
unemployment rate remains stubbornly high, meaning significant new or higher rates
of returns are hard to come by.
In order to continue to deliver the services citizens expect and have paid for,
government agencies responsible for growth can’t afford to neglect any potential
— and politically low-risk — sources of additional revenue streams.
One important but only partially realized source of revenue comes from overdue
obligations. Such obligations take on many forms and often receive varying degrees
of attention based on the collection resources and processes that exist within respective
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