New Study "The Truth About Telecom Taxes and Reform: The Real Effect on Local Government" According to a study released by a coalition of local government organizations, including The U.S. Conference of Mayors, the National League of Cities, the National Association of Counties, the National Association of Telecommunications Officers and Advisors, and the Government Finance Officers Association: Local and state governments stand to lose $8 billion a year in revenues if Congress further restricts their ability to levy taxes or fees on the telecommunications industry. The jobs of more than 150,000 teachers, police officers and firefighters could be on the line if the telecom industry receives preferential treatment.