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THE TRUTH ABOUT THE TAX CAP
NO + NO = YOU CONTROL PROPERTY TAXES
THE TAX CAP The law limits the annual growth of property taxes levied by local governments and school districts to 2% or the rate of inflation, whichever is less. The tax cap is calculated on each taxing jurisdiction’s total tax base, not on individual property. If your assessment increases or decreases, your tax rate may be slightly higher or lower.
SCHOOL BUDGET VOTING PROCESS
If a school district submits a budget that is within the cap, a simple majority vote can pass it. If it fails, the school district may have a second vote, but if the second vote fails, or the district chooses not to resubmit the budget, the tax levy will be frozen at the previous year’s level. THERE CAN BE NO INCREASE IN THE TAX LEVY
Likewise, if a school district submits a budget that exceeds the cap, a super majority vote of 60% is needed for passage. If it fails, the district may have a second vote. If the budget fails twice, or the district chooses not to resubmit, the tax levy will be frozen at the previous year’s level RESULTING IN NO TAX LEVY INCREASE.
Taxpayers should know that the majority of property taxes are school taxes and approximately 70% of school taxes are allocated for salaries and benefits which are negotiated between school districts and unions. Obviously, school districts and unions can produce a budget within the cap if they negotiate prudently. This being the case, it is imperative that throughout contract negotiations, residents be apprised of progress or lack of progress, specifying what is offered by districts and what is demanded by unions. Taxpayers should NOT be given the bill after a contract has been signed; nor should they be informed that negotiations broke down and a union friendly mediator /arbitrator will decide the bill: nor should they be told that salaries and health care are “mandates” when, in fact, they are negotiated contract items.
THE TRUTH IS YOUR VOTE FINALLY COUNTS
NO + NO = YOU CONTROL PROPERTY TAXES
[size=200][b]THE TRUTH ABOUT THE TAX CAP
NO + NO = YOU CONTROL PROPERTY TAXES [/b][/size]
THE TAX CAP The law limits the annual growth of property taxes levied by local governments and school districts to 2% or the rate of inflation, whichever is less. The tax cap is calculated on each taxing jurisdiction’s total tax base, not on individual property. If your assessment increases or decreases, your tax rate may be slightly higher or lower.
SCHOOL BUDGET VOTING PROCESS
If a school district submits a budget that is within the cap, a simple majority vote can pass it. If it fails, the school district may have a second vote, but if the second vote fails, or the district chooses not to resubmit the budget, the tax levy will be frozen at the previous year’s level. [color=#FF0000][b]THERE CAN BE NO INCREASE IN THE TAX LEVY[/b][/color]
Likewise, if a school district submits a budget that exceeds the cap, a super majority vote of 60% is needed for passage. If it fails, the district may have a second vote. If the budget fails twice, or the district chooses not to resubmit, the tax levy will be frozen at the previous year’s level [b][color=#FF0000]RESULTING IN NO TAX LEVY INCREASE.[/color][/b]
Taxpayers should know that the majority of property taxes are school taxes and approximately 70% of school taxes are allocated for salaries and benefits which are negotiated between school districts and unions. Obviously, school districts and unions can produce a budget within the cap if they negotiate prudently. This being the case, it is imperative that throughout contract negotiations, residents be apprised of progress or lack of progress, specifying what is offered by districts and what is demanded by unions. Taxpayers should NOT be given the bill after a contract has been signed; nor should they be informed that negotiations broke down and a union friendly mediator /arbitrator will decide the bill: nor should they be told that salaries and health care are “mandates” when, in fact, they are negotiated contract items.
[size=200]
[b]THE TRUTH IS YOUR VOTE FINALLY COUNTS
NO + NO = YOU CONTROL PROPERTY TAXES
[/b][/size]
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