Taxes (local)
Saw where all taxes would be going up in Fayette County next year. Not just the dollars to be spent over last year but also a mil increase.
It is going to be interesting to see what happens when and if the national housing values being lower than last year also hit Fayette County. They can do one of three things: reduce the value of homes to the real value, thus decreasing the amount of taxes collected if they don't raise the mil rate to bring in the same or more dollars; Also, they can NOT reduce the value of homes, leaving an unfair value on them, which would bring in more taxes; Also, they could do something they have NEVER done, throw out last years expenses as a guide and start from scratch with a new budget. In other words, how many cops can we afford, how many firefighters can we afford, how many city hall employees or county employees can we afford, how many new vehicles can we afford, how many more bonds can we pass, etc.
In other words, spend only what the citizens want to pay each year.
I know towns and cities where they haven't changed the mil rate nor the home values in years! Some state legislatures have seen through this honest budgeting and have mandated that the localities keep house values at the very tip top so as never to reduce spending and lay off people---a cardinal sin.
I don't think the helicopters would make it, I think we would drive Ford Galaxies two more years, I think operating supplies might actually reduce, I think travel and grub might actually nearly disappear, and many others.
I also think then we could pay cops and firemen 40,000 after 60 days, and up to 50,000 within five years with a 3% contribution to their pension.
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