Thursday, April 21, 2005
We Love Taxes!
Such a tax freeze is reasonable for needy homeowners who have difficulty paying their taxes. It's not reasonable for wealthy homeowners who can afford to pay their share.
Shifting the burden for government services from wealthy senior citizens to young families is unfair.
A plan introduced by former City Manager Terry Brechtel to increase the city exemption for senior citizens, now at $65,000, would bring more equity to the system and wouldn't hurt the city as much.
Almost half of the city's senior citizens are exempt from property taxes now because their homes are valued at less than $65,000. The proposition is a bad deal for seniors who now pay no property taxes.
Raising the exemption is a much preferable option to simply freezing the tax rate. Under this 'tax freeze' proposition, owners of multi-million dollar homes get huge tax breaks, while owners of modest houses get little or nothing. The inevitable result is to shift more of the tax burden onto those who can least afford it.
I haven't heard the arguments in favor of the tax freeze, but this argument by the Express-News against it is very compelling.
Funny, though, that none of the tax-and-spend zealots downtown ever thought to raise the exemption until they were forced to use it as a rationale to oppose this proposition. And, if the proposition is voted down, you can bet that will be the last you've heard of raising the exemption.
The fact is, this proposition will cost the city a piddling $64 million over ten years. For context, this year's budget alone is $1.5 billion.
Interesting, a prorated savings to senior citizens of $6.4 million this year almost precisely equates to the millions pissed away by Ed Garza and company to subsidize a "major league" soccer team for the city. Thanks, Grampa!
I did read some arguments in favor of the propostion later, but they were from a Roddy Stinson column and thus were not particularly coherent.
It’s such a pleasure to read your post …. Interesting! I was over at another site
looking at process
and they didn't go into as much detail as you, but nonetheless interesting.