Together, we were able to develop a solution to help Florence meet these challenges. To manage their revenue streams effectively, governments need datadriven, cost-efficient, and streamlined technologies to maximize tax compliance and ensure they get the tax revenue that is owed to them.īob Leyde, City Clerk for the City of Florence, Alabama, knows the importance of effective revenue management and a partnership with Avenu has enabled the city to take advantage of cutting-edge technology that has streamlined tax administration and provided deep insight into areas of non-compliance. Previously reliable sources of tax income are drying up, while new revenue sources derived from digital businesses and technologies are emerging in real time. The pandemic has dramatically impacted tax revenues, and many state and local governments are struggling to adapt to the changing tax landscape that COVID-19 has created. Managing all of these disparate sources of tax revenue is a big task and a huge responsibility, especially when effective revenue management can make the difference between a balanced budget and a budgeting crisis.īut the coronavirus pandemic has made revenue management even more important than before.
Tax revenues come from a variety of sources, including business licensing fees, sales taxes, property taxes, and more. Revenue management has always been a top priority for local governments. (2) If Yes, the firm's revenues/number of employees do not exceed the NAICS code's small business size standard.How the City of Florence Maximized Compliance, Grew Revenues & Streamlined Tax Administration.
Note, EPA guidelines do not exist for every NAICS (1) By entering Yes for "Buy Green", the firm asserts that it obeys EPA guidelines for environmental friendliness for this NAICS code. "Process, Physical Distribution, and Logistics Consulting Services" "Financial Transactions Processing, Reserve, and Clearinghouse Activities" "Data Processing, Hosting, and Related Services"
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