Argument
for a five year 3 mill dedicated property tax levy.
Fixed
revenue per year $654,000 Revenue five year total $3,270,000
Use:
replace the general fund transfer of $562,000 to the M&R fund
plus $100,000 for street repair. This results in making the general
fund money available for other uses.
Cost
the home owners with a $100,000 valuation.
Non
seniors: $105 per year
Most
seniors: $79 per year
These
costs will decline as property values increase over the five
yearperiod.
Result:
all residents share the responsibility for maintaining
infrastructure.
Argument
against a .5% earning tax increase levy.
Revenue
per year: $2,000,000 or more per year. Revenue five year total
$10,000,000 or more.
Use:
undetermined
Cost:
Earner families with a $60,000 taxable household income: $300 per
year.
Result:
the cost of maintaining infrastructure will fall on working families
and a significant portion of the residents will escape that
responsibility.
The
suggestion that we can stick it to non resident earners is a
violation of the original Tea Party motto of taxation without
representation and is an anti growth concept.
The
ultimate question is which levy is most likely to be approved by the
voters.
Paul
Hunter
