...Revenue Structure with Minimum Change: The median local revenue for municipalities represented 27.5% of total revenues. The best-rated entities observed a ratio of 34%, and the weakest 24%. Performance was affected by sluggishness in tax and rights collection, and substantial increases in state and federal income that increased total revenue. A feature of `A' rated entities is the positive trend in property tax collection per capita. There is little variation for the other entities. One of the most common control strategies used by municipalities seeking to encourage local revenues is updating cadastral values, which maintain a significant lag against commercial values. Balances Tending to Equilibrium: The primary balances in 2010 and 2011 were negative for rated municipalities. However, the trend reversed to a surplus between 2012 and 2013. Various factors influenced the trend, such as the level of federal income received, the schedule for capex implementation and the coincidence of the...
