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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (303897)9/21/2006 7:30:54 PM
From: Road Walker  Read Replies (1) of 1573805
 
re: There are some problems with them. People may own property outright but be forced to sell it as the assessed value goes up and they can't afford to pay the property taxes. Also property values have a boom and bust component that is typically greater then income. As property values go up local governments get a lot more money, (even if rates go down they rarely go down fast enough) and often start new programs, increasing long term local government spending. As property values go down local jurisdictions can have severe fiscal problems.

OK lets stop them (I have no kids). Who is going to pay for the schools? CLOSE THE DAMN SCHOOLS... KIDS BE DAMNED!!!
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