MoCo tax revenues sharply down

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It looks like another round of big tax hikes are coming.

https://x.com/adampagnucco/status/1998054101116977546?s=42

If revenues are down, what other alternative is there BUT to raise taxes, idiot?

Typical maga - trying to take an obvious scenario and twist it around not some political talking point. What a dummy.

Revenue isn’t going down. It’s just not going up as fast as forecast. The property valuation bubble is deflating and the council has exempted a bunch of properties from taxes over the past few years. If values are going down and new construction is paying $0, then you won’t collect as much revenue as you expected. But revenue is still expected to grow.

The bottom line is that revenue isn’t keeping up with spending. Hence the prediction that another round of tax hikes is coming.

There's an alternative, somewhat offbeat, way to handle this: spend less.

Of course, one way to not do that is by creating mandatory expenditures like debt service. I suspect MoCo will issue some new bond referendums to get through these tough times.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It looks like another round of big tax hikes are coming.

https://x.com/adampagnucco/status/1998054101116977546?s=42

If revenues are down, what other alternative is there BUT to raise taxes, idiot?

Typical maga - trying to take an obvious scenario and twist it around not some political talking point. What a dummy.

Revenue isn’t going down. It’s just not going up as fast as forecast. The property valuation bubble is deflating and the council has exempted a bunch of properties from taxes over the past few years. If values are going down and new construction is paying $0, then you won’t collect as much revenue as you expected. But revenue is still expected to grow.

The bottom line is that revenue isn’t keeping up with spending. Hence the prediction that another round of tax hikes is coming.

There's an alternative, somewhat offbeat, way to handle this: spend less.

Of course, one way to not do that is by creating mandatory expenditures like debt service. I suspect MoCo will issue some new bond referendums to get through these tough times.

Just raise taxes. It will be fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It looks like another round of big tax hikes are coming.

https://x.com/adampagnucco/status/1998054101116977546?s=42

If revenues are down, what other alternative is there BUT to raise taxes, idiot?

Typical maga - trying to take an obvious scenario and twist it around not some political talking point. What a dummy.

Revenue isn’t going down. It’s just not going up as fast as forecast. The property valuation bubble is deflating and the council has exempted a bunch of properties from taxes over the past few years. If values are going down and new construction is paying $0, then you won’t collect as much revenue as you expected. But revenue is still expected to grow.

The bottom line is that revenue isn’t keeping up with spending. Hence the prediction that another round of tax hikes is coming.

That may possibly be the bottom line, but I can go lower. I would go so far as to say that it isn't that revenue isn't keeping up with spending, but that they keep spending money on things we don't want, so we don't vote to pay for it.

[Anonymous]

This chart shows revenues rising every year.

[Anonymous]

A parent teacher association was trying to raise $ starting a go fund me to help renovate a high school. Many schools need renovations and to be completely overhauled.

[Anonymous]

Anonymous wrote:Cut school spending. It is out of control. Why can kids in Taiwan blow Moco kids out of the water in math and only need a $.38 abacus to learn? Everyone is paying for MCPS bloated salaries and pensions. It isn’t like kids are doing better in school.

Only admin have bloated salaries. But, they need to do serious cutbacks in county and mcps spending.

[Anonymous]

i just dont know how we can afford new taxes. moore just created new taxes, our property taxes went up, and moco wants a special property taxes for school buildings.

and on top of all this, they need more taxes to close the county budgets.

no more. tax revolt and mass migration out of this state.

i'd love to see how much of these taxes are housing feeding and educating our illegals, I am sure its not insignificant.

[Anonymous]

Fairfax County has a $300 million shortfall, so higher taxes will happen there too. That's why Fairfax wants casinos, though it seems like many people don't want the casinos, and my guess is they'll end up doing tax hikes instead.

https://www.nbcwashington.com/news/local/northern-virginia/bill-casino-fairfax-county/4059722/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cut school spending. It is out of control. Why can kids in Taiwan blow Moco kids out of the water in math and only need a $.38 abacus to learn? Everyone is paying for MCPS bloated salaries and pensions. It isn’t like kids are doing better in school.

Only admin have bloated salaries. But, they need to do serious cutbacks in county and mcps spending.

This is horribly misinformed. When you correct for inflation, per pupil spending has not kept up with long-term norms. It flattened after the 2008 financial crisis and never recovered.

[Anonymous]

Anonymous wrote:Fairfax County has a $300 million shortfall, so higher taxes will happen there too. That's why Fairfax wants casinos, though it seems like many people don't want the casinos, and my guess is they'll end up doing tax hikes instead.

https://www.nbcwashington.com/news/local/northern-virginia/bill-casino-fairfax-county/4059722/

at some point, people across this country need to rise up and have a tax revolt. i'm constantly told that property taxes are for roads, schools and first responders. that is the biggest lie we have accepted and continue to believe in

and whenever there is a shortfall, the middle and working class are beat down for more money.

at what point do the "tax the rich" people actually "tax the rich" and the middle and working dont get increase or God Forbid, decreases. Mandami screamed that he was taxing the rich and now his budget hinges on taxing middle and working class out of their homes

fact is that it will never happen. "tax the rich" is just a scheme for governments to get working and middle class to accept them being taxed more.

wake up people!

[Anonymous]

Anonymous wrote:Cut school spending. It is out of control. Why can kids in Taiwan blow Moco kids out of the water in math and only need a $.38 abacus to learn? Everyone is paying for MCPS bloated salaries and pensions. It isn’t like kids are doing better in school.

More than 50% of the total MoCo budget is poured into MCPS, yet the educational outcomes get worse and worse every year.

MCPS needs to take an entirely different direction from where it is headed currently.