Reply to MoCo tax revenues sharply down

Forum Index » Metropolitan DC Local Politics

Reply to "MoCo tax revenues sharply down"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It looks like another round of big tax hikes are coming.

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

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

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

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. [/quote]

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

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. [/quote]

Just raise taxes. It will be fine. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics