Quote:
Originally Posted by Frequitude
Property values in the area would have decreased without the school leading to reduced property tax revenue.
So, no, the total cost would not have been ~$0.
That's not to say that rebuilding wasn't still more expensive (I don't know which would have been more), but this flaw which underpins your sensationalist rhetoric deserves noting.
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Actually, the existing tax burden would have just been very slightly redistributed. The mill rate is set to divide the total required taxes among the total property assessments. So a change in assessments doesn't change the amount of tax collected.