The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (12935)	8/22/2003 12:11:39 PM
From: Tradelite	Read Replies (1) of 306849

<<government spending doesn't expand because of need, it expands because tax revenues available are higher.>> That's certainly the thinking of the local and state tax revoltists where I live. In Virginia, we don't have Prop 13 but we've got many of the same gripes, complaints and budget shortcomings that the Californians have. We just don't have a voter initiative such as Prop 13 to blame when we whine. California ran a budget surplus for a while even after Prop 13. So did Virginia without any type of Prop 13. Now both states are feeling busted, due to a number of factors including the economic downturn. We have constant and very high increases in property assessments here, and the rising taxes to go along with them. We also need but can't afford more and better road systems, more and better school facilities and teacher salaries. The list of what we need but can't afford could go on and on. The governors of our state and our local politicians have always been kept on the hot seat because of these issues, but we don't throw them out until the next election.

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