The Budget has been promoted as not having raised tax rates
- Misleading: The budget sets the levy for taxation. As the budget rises so do taxes. While some taxes will be absorbed from new homeowners who buy new property, this past year $38 M was subsidized by the federal government to reduce your property taxes and give the appearance of no raises in property taxes.
- What will your taxes look like when the ARPA (Covid) money is gone???
Bonds/Levys the budget does not include Levy and Bond capital improvements. Those will be assessed in addition to your taxes and will cover what the developers did not pay, for growth related needs, such as fire, emergency, sheriff and other critical service
Impact fees do not cover cost of growth. Solutions could include:
- Increase impact fees
- Identify other mechanisms to get growth to pay for growth
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