The republican ballot in the March 3, 2020 primary election contains 9 non-binding propositions.
You can read them here
The propositions are on the ballot after the elected positions.
We deserve better
Brutus
The republican ballot in the March 3, 2020 primary election contains 9 non-binding propositions.
You can read them here
The propositions are on the ballot after the elected positions.
We deserve better
Brutus
Let’s hand it to the city for figuring out another way to scam the taxpayers.
The way property taxes work in Texas requires the city to figure out how much money they raised in property taxes last year.
They they look at what the same properties are appraised at this year and must tell us the tax rate that will bring in the same amount of money. This is called the effective tax rate. If property values go down they can raise their effective tax rate thus bringing in the same amount of money as last year. If property values go up they must lower their effective tax rate. New properties are not part of the equation.
From there if they want to raise more money they are now capped at an increase to the effective tax rate of no more than 2.5%. If they want to go over 2.5% the voters must be given an opportunity to vote on the issue.
Well this year as it turns out our central appraisal district folks took a conservative view on commercial property values. They subtracted 3.3% from what they thought commercial properties were worth just in case the commercial property owners decided to fight their valuations.
This is nothing new, they do it every year.
What was new was the 3.3%. Normally they take a 1.8% reduction on average. The net effect according to the city’s own chart was that the city set their tax rate using the 3.3% decrease instead of the 1.8% norm.
The actual calculation requires a little bit of algebra so I will just use the city’s chief financial officer’s numbers. He said in a city council meeting recently that the result was $10 million of additional revenue to the city. He then said “we’re over collecting on property taxes”. The city manager then stepped in and said that they were not really over collecting they were just collecting based upon what the central appraisal district came up with.
The city chief financial officer told city council that city staff did not agree with the evaluation but they used it anyway.
That was really convenient for them.
In reality the city knew that the historical value was 1.8% but used the 3.3% number without taking it back to the central appraisal district for a better understanding.
If they claim that they did not know then they are saying that they are incompetent.
We deserve better
Brutus
In a special city council meeting Monday, October 28, 2019 they will be changing the water park deal.
They do these things in special city council meetings to avoid exposure to the citizens.
They first plan to cancel the earlier agreement with Great Wolf.
Why? Probably because their plan to give Great Wolf 100% of the sales taxes collected near the water park was going to run into trouble because the water park was not really a convention center.
Our Texas legislature passed house bill 4347 in their last session.
One of the things the bill did was to qualify facilities that have at least 4,000 square feet of meeting space as a convention center.
In the agreement being cancelled the city promised to give the developer up to $40 million if Texas decided that our facility did not qualify as a convention center and thus would not be able to get the sales taxes collected from facilities around the water park.
Now that the water park and its adjoining meeting room will qualify the city is off the hook.
We however are not so lucky.
The sales tax money from stores near the water park would normally go into our general fund.
Now they will be used to fund the privately owned water park.
We deserve better
Brutus
The state has some questions on the ballot. They are all proposed constitutional amendments.
Number 3 strikes me as unnecessary. If property is damaged (whether by a disaster or any other way) its appraised value should decrease because it is worth less.
It would have been nice if our local news media had done a better job informing us of what the issues are behind each of the proposals.
The Times evidently did run an article but they only deliver my newspaper about 60% of the time.
We deserve better
Brutus
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