tag:blogger.com,1999:blog-9113822124880734978.post1710828958821432663..comments2023-05-26T06:23:56.846-04:00Comments on OurConcord.com: No surprise: Monitor against the tax capTonyhttp://www.blogger.com/profile/08248633195693368939noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9113822124880734978.post-91157166781034789922008-08-05T15:17:00.000-04:002008-08-05T15:17:00.000-04:00I will ask the backers but I was under the impress...I will ask the backers but I was under the impression that the limit of the rate increase will be on the city side alone. I would think that the rate does not cover the schools because they are currently autonomous, setting their own budget and tax rate.<BR/><BR/>But even if it covers the schools, county, and city, there is a simple formula: Take the current amount those entities collect, multiply it times 4.1 percent, and you get the increase that all would be able to live with for next year, not including new growth.<BR/><BR/>So, say the budgets of all three totaled $100 million dollars. Then next year, you would all have to live with a $4.1 million increase. So, you would be able to collectively collect $104.1 million in taxes for next year.<BR/><BR/>If the entities can't live within the CPI, then there is a bigger problem.Tonyhttps://www.blogger.com/profile/08248633195693368939noreply@blogger.comtag:blogger.com,1999:blog-9113822124880734978.post-42209665187815355122008-08-05T14:46:00.000-04:002008-08-05T14:46:00.000-04:00THANKS TONY... I AM SURE THAT THE CURRENT PROPOSAL...THANKS TONY... I AM SURE THAT THE CURRENT PROPOSAL FOR THE CAP EXCLUDES THE SCHOOL AND COUNTY.. SO IF THEY BOTH INCREASE 8% AND THAT IS OVER 60% OF THE TOTAL TAX RATE... THE CITY WOULD HAVE TO HAVE A DECREASE WAY UNDER 4.2% TO GET TO THE AVERAGE. IS THIS CORRECT?<BR/>MARK COENAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9113822124880734978.post-65303920402701738502008-08-05T14:33:00.000-04:002008-08-05T14:33:00.000-04:00Hey Mark, Thanks for the note. I appreciate your c...Hey Mark, <BR/><BR/>Thanks for the note. I appreciate your comment and the fact that you are reading the site. <BR/><BR/>The library was built before the nuclear bomb was created. But it is still, as far as I know, one of the city's main shelters in case of nuclear war. It was built strong enough to withstand an attack which is why the civil defense symbol was on the upper right hand corner of the entrance of the building for so long [is it still there?]. That was my point. <BR/><BR/>I do not believe the school or county taxes will be covered under the cap, due to their autonomy, but I will double-check on that. If they are covered, then their current budgets would not be able to be raised next year more than the CPI. So, the total budgets for the city, county, and school district, would have to live with a 4.1 percent increase, plus any new growth. <BR/><BR/>Don't you think that is a pretty reasonable increase considering what is going on right now?Tonyhttps://www.blogger.com/profile/08248633195693368939noreply@blogger.comtag:blogger.com,1999:blog-9113822124880734978.post-41025093001253776752008-08-05T12:19:00.000-04:002008-08-05T12:19:00.000-04:00THE QUESTION I HAVE IS THAT THE TAX CAP DOES NOT I...THE QUESTION I HAVE IS THAT THE TAX CAP DOES NOT INCLUDE SPENDING BY THE COUNTY AND THE CONCORD SCHOOL DISTRICT. THE TOTAL PROPERTY TAX FOR THEM IS OVER 60% OF THE TOTAL TAXES. DOES THIS MEAN IF THEY INCREASE WELL OVER THE BASE THAT THE MUNICIPAL RATE WOULD HAVE TO DECREASE TO MEET THE OVERALL TARGET? <BR/><BR/>ON THE LIBRARY BUILDING... I THOUGHT THAT IT WAS BUILT DURING THE 1930'S... WELL BEFORE THE "A" BOMB..<BR/><BR/>THANKS AND LOOKING FORWARD TO YOUR REPLY,,<BR/>MARK COENAnonymousnoreply@blogger.com