Yes but as less tax money is flowing into the system, the harder things become for them. We are seeing a lot of work from home which is starting to hammer real estate values, that kills property taxes which go to the local governments. Thus we will likely see budget issues.

Unlike the national governments, they cant just take on debt to finance everything.

It is going to get very interesting here soon. We are going to see a sovereign debt crisis arising at some point. This will likely start in the Middle East as a lot of those countries struggle with lower oil prices.

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