>Municipal revenue struggles continue as Washington is slow to modify tax laws
The still-weak economy continues to squeeze state and municipal governments, which have less to work with as long-established revenue streams dry up in the prolonged recovery.
According to Tim Burley, partner in charge of the tax practice at WiserMazars LLP, in Edison, fixing antiquated tax loopholes like sales tax collection for online retailers will help bring the tax code more in line with the way the U.S. economy works, but can only be done at the federal level. (Caliendo, NJBIZ)