So, the 28% rise in property tax assessment last year and the 3% increase on all city properties has me catching up to what year? I love the city, their so efficient.They run the small private sector contractor out, so they can take over the developement of new housing. They spend upwards of $200,000 (taxpayer funded) to build a house that normally could be built for $75,000, and they build it in areas where housing can only sell for $25,000. maybe,,,YEEEEEEEEEEEE!!!HAAAWW WWWWW!!!! Originally Posted by JONBALLSUm, the Federal Government levies exactly zero taxes on real estate. Lay that at the feet of your local municipalities. At the end of the 20th century we had it made, with a booming economy and enough revenue to cover government expenses.
Then some yahoos figured it would be a good idea to stop paying the bills, sort of a supply-side experiment to refudiate arithmetic and "starve the beast." Ten years later, here we are. At least we know never to try THAT again, right? Right??? Wait, let me check the papers ... nooo! They never learn!
Think of a stimulus as like bailing water: it can keep your boat from sinking for awhile. It doesn't fix the holes; but if you still have a boat, it's working as well as you can hope. (Fixing the holes would involve spending even MORE money, so of course we can't have infrastructure, education, or economic development that would actually pull us out of this.)
Meanwhile if it DOESN'T seem to be working, BAIL FASTER!