City staff’s proposed budget for next year is now out.
They are proposing a 3.1% increase in our property tax rate to 69.9 cents per hundred dollars of valuation.
They are also asking each city department to take a 5% budget cut.
Huh?
They want to cut each department by 5% but they need a 3.1% increase in our property taxes. Yikes!
According to the Times the city needs the increase “to pay for debt obligations such as the quality of life bond projects approved by voters in 2012.”
Actually
This graphic from the city’s web site tells us that they have only begun to spend the bond money:
A 5% decrease in spending plus a 3.1% increase in taxes comes to an 8.1% swing. According to the chart above they will only have spent 20% of the quality of life bond money by the end of 2016. So we evidently need 8.1% to pay for other debt.
Either our taxes are going to go up a lot more in the future or this year’s increase is needed to pay for other things than the quality of life bonds. Tearing down city hall and buying and remodeling multiple buildings is probably the answer.
New tax rate comparison told us about how we had the 7th largest property tax rate of the 50 largest cities in the United States in 2013. I guess they want us to do better.
Hold on to your hats!
We deserve better
Brutus

Posted by Brutus
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