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Latest OPINION from the PB Post.
"For the second lesson, look to Lake Worth. Hit hard two years running by Palm Beach County's largest property value decline, City Manager Susan Stanton refused to propose a tax rate increase, even though the alternative is to cut public safety."
That isn't exactly the facts of the matter. Ms. Stanton wants to keep the millage at last year's rate of 4.9999. That is her recommendation; her desire; her hope. However, that is not what occurred last night when she recommended a tentative millage at 6.8166 which includes the bond debt. We still have MSTU at 3.7585.
2 comments:
This is the classic development Ponzi scheme; governments rely on ever increasing property values and the taxes generated there from to increase all these services to fund yet more development which is supposed to further increase tax revenues so that more services can be provided to support even more development.
Then what happens? Ooops. property values drop and the whole thing falls apart right before the noses of whoever we elect to manage government. They are all the same. Dangerous
Steve Rosen
Hmmmm, should we insist all elected officials complete Economics 101 before being allowed to take office?
Bett
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