Quote:
Originally Posted by Bunk
When the City says the "property tax increase is 5.5%" - what that actually is indicating is how much more revenue the City is taking in from property taxes over the year before - not the individual's increase. So if there's a 2.5% increase in population - you have 2.5% more people paying into a 5.5% increase in revenue.
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Really? I thought that in the past when reports of 5% and 6% increase were apporved that the Non-Adjusted notices that went out in January showed straight 5% or 6% increases on the municipal side.