Great, time to drop the "Temp" tax hikes from the past couple of years!
Instead we all know they will stay in place and the dopes in city hall will blown that 90 million faster then you can blink your eye! Any idea where at 90 mil will go?
Tueday. The anticipated budget gap is $248 million for FY2012-2013 OR it could be $148 million (projected gap minus amount from additional RE taxes of $94 million) - $400 million (new expenses from vouchers or charters and I imagine if they're not successful forcing the union giveback they've been hinting at doing)
This is a good article explaining why Corbett is claiming he has increased education funding and education advocates say he decreased it. Spoiler: they're both right but only one of them is trying to destroy urban public education. Pa. state school aid confused by competing math | Herald Times Reporter | htrnews.com
My house will be going up for sale shortly. I've had it with this city and the unfair burden placed on homeowners.
Where are all the "reassessment is revenue neutral" people now?
I'm not all that surprised that its not revenue neutral. Basically the political calculation goes "People are going to go ballistic anyway when everyone in the city's assesment changes so working in a revenue increase is not going to change the amount of screaming one way or the other."
What more surprises me is that this process has been in play for 3 years and City Council still seems to have no plan for how they are going to ease in new assesments for older owners where actual home values have raised dramatically since 20+ years ago. Think back 20 years ago and where neighborhoods on the rise around the edges of Center City have changed. New owners have had ssesments based in practice on their sale price but 20 years ago perceptions of Northern Liberites, Fishtown, University City, SWCC, etc were dramatically different. Owners who have been cruising on the same assessment since back then are going to be in for a controversial surprise. And the Controller's and City Council's main answer seems to pull a Chicken Little and offer no solution to that rude awekening. This'll be fun.
I'm not sure if his pre-postitioning is any less calculating than the Nutter administrations decision not to make it not be revenue neutral.
Now I know why cities that own utilities, particularly power generation, isn't such a bad thing.
In San Antonio they get ya through your light bill. The summer months is when City Public Service gets mountains of cash thrown at it by sweaty residents. Goes back to the City of San Antonio and fills up its coffers every year. San Antonio's government doesn't use property tax to pay its bills because the school districts (they have 12) collect all that tax, which goes back to the state, then gets farmed back out in the Robin Hood plan to keep rich districts from soaking up all the money for public education.
The ones who are completely surrounded by gentrification or are in pockets of jacked-up assessments left over from years of corruption in the BRT are liable to feel some pain. Since the City is doing all of this in aggregate and has to get the new assessments mailed out in October, chances are not good that the City is going to positively identify everyone who is likely to not be able to pay the new rates.
If you don't think this is all timed to generate maximum drama, you're kidding yourself.
I was talking to my bankers about this, and my attitude is that if property values are increasing taxes should go up. In theory the increasing QOL and/or inflation justifies higher property valuations, which themselves justify higher taxes. The alternative, which is a Camden-like plunge in QOL and therefore property values, is much, much worse.
Because you only said it after you got called out on it.said Dubow. "I don't know how it's a fast one if we're telling you what we're doing."
The fixed system should be about fixing the system.
Under your premise, if the city is collecting $2 billion from a 1913 assessment and they reassess 100 years alter, they should be collecting $2 trillion dollars now because property value has increased 1000 times since then. You see how silly your example is?