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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (184832)7/30/2002 9:24:49 PM
From: reaper  Read Replies (1) of 436258
 
<<How are the municipalities going to make their budgets when the house values get cut in half? >>

simple; they won't re-assess. so you'll be paying taxes on a place the city says is worth $500k that you couldn't sell for half that.

i think i read somewhere that raising taxes was good for the economy; leads to increased government spending or something, which is additive to GDP <g>

Cheers
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