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Metropolitan DC Local Politics
Reply to "MoCo tax revenues sharply down"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Unless I am somehow misreading the charts…tax revenue is up but not as much as projected. Correct?[/quote] Right. Mostly property tax revenue projections, which had been based on inflated values and assessments.[/quote] Inflated assessments would not have caused a projection problem if Andrew Friedson hadn’t led a shift from constant yield to constant rate. He presents himself as a budget hawk but has voted for nearly all the spending (including the pay raises that are the biggest threat to fiscal sustainability). The change in how property taxes are set allowed the county to binge spend while property values went up and allowed the county to rely on shaky projections of property values in the out years. [/quote]
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