Quote:
Originally Posted by Bunk
I think they moved to a revenue neutral calculation in 2000. I'm not totally sure of the rationale. Could be because of the nature of a boom-bust economy - assessment numbers can swing wildly.
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Thanks for the explanation.
Is it correct then that when the city proposing a 5% increase and that number is reported in the media they are referring to a revenue neutral increase so if all properties had the same proportion of value then tax would increase by 5%?
or
Are they saying that city reveues need to increase by 5% through a variety of means including property taxes.
I am assuming it is the former.