One major source of revenue that has partially dried up is the state's 1.28% portion of the excise tax that is collected on every real estate sales transaction. This is a revenue source that generally is not considered when discussing taxes paid by citizens.
With sales in the toilet, it's a good time to buy as prices have dropped to the point that a rental will have a positive cash flow if purchased right.
I'm in the title and escrow business and we're down to working 4 days a week.