Quote:
Originally Posted by Tinordi
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The city property tax mill rates are set by what the city needs for revenue. Higher property values means lower mill rates all else equal.
Even then under your scenario where there would be net tax increases would it even come close to approaching the city's direct investment? answer: no
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It doesn't have to though. As long as there are tangible benefits to the city, even as simple as "making a good percentage of our citizens happy" by making the outlay of funding, it can likely be justified provided it is a reasonable outlay given the economics of the project. Also, they need to be up front with the public and stop calling it an "investment". It's not an investment any more than the mandatory public art component of infrastructure projects is an "investment". It's an investment into factors that are very difficult to quantify, and rarely will result in a zero dollar impact.