Re: 2017 Reval ~ Property Inspections

Posted by Bamb00zle on 2017/5/19 10:55:02
Quote:

Erica wrote:
My deeper concern is that dismissing the reval opponents misses the opportunity to engage them on more important issues - like, for example, planning for the day when the Abbot designation goes away or the funding formula changes or NJ simply runs out of money to do anything but pay pensions (I hope I'm joking about that last one) and we need to come up with a way to replace lost state revenue. Making enemies on the reval seems short-sighted when we have a much broader and deeper discussion about property taxes and other sources of city revenue coming down the pipeline.


Completely agree, and therein is the reason the State forced JC to move forward with this long overdue reval. The State wants to shift as much spending as it can back to JC (and a few other municipalities). Obviously they can't proceed until the reval is completed. Doing otherwise would inflict undue economic harm and probably be illegal (disparate impact), if the present wide variations in tax rates across neighborhoods isn't fixed first.

Yes, the reval will be overall revenue neutral for JC, but the actions of the State shortly thereafter wont be. Think for a minute what happens if the State shifts even 10% of the roughly $500 million they provide, about $50 million, for schools back to the JC taxpayer.... And all those arguments about fairness and equity across JC neighborhoods, those arguments sound just as compelling when applied across other school districts and towns as well. Of course it should be fair and that means JC is going to pay more of it's own bills.

No doubt you'll remember the tax hike Fulop implemented when he was elected mayor, well get ready for another one following the next mayoral election. This time it won't be Healy getting the blame, it will be the State.

This Post was from: http://jclist.com/modules/newbb/viewtopic.php?post_id=421732