Quote:
Originally Posted by Bigtime
I don't follow how 2015 could be a 12-15% increase, isn't the 2014 budget technically an increase of ~5% (I was following from home a little with a sick kid yesterday) that is "washed out" by giving the $52M back? So the increase for 2014 is there regardless, why would it need to increase by such a dramatic amount for 2015?
It was a long day yesterday, please educate me.  |
I think it depends how you look at it. Taking it from a baseline of 100 being 2013 tax levels. (Rough numbers only)
2014: 106 tax with 5 rebate, advertised by politicians as holding the line on taxes, net tax of 101
2015: 112 tax with no rebate, advertised as a necessary 6% increase over last years 106.
The effective tax increase in 2015 is likely to be extremely high, as the 2014 and 2015 increases will both hit in the same year. And 2014 is a bargaining year with all the city unions...