Proposition would take away limits on taxes
April 15, 2012 at 4:15 a.m.
Editor, the Advocate:
If Proposition 5 passes, the 5 percent limit on annual city tax rate increases on homes and business property will end. Although the charter has tied their calculation to state tax code provisions which allegedly have been superseded, the obvious intent of the voters who, some 30 ago, petitioned for and adopted the charter provision at an election, was to tie the computation to rules then appearing in the code. Because a valid petition was rejected by a spendthrift city council, the Supreme Court ordered that election.
Without rate limitation, we will be vulnerable to excessive rate increases. The continuance of overvaluation of real property, profligate city grants of tax abatements, and city spending on non-essential projects amid a fragile economy have increased the economic hardship of citizens, even homeowners whose taxes are frozen, and everyone else, already facing inflated prices of goods and services, since businesses pass along to customers in higher prices their already steadily increasing property tax charges. Future increases would also be passed along.
Vote "no" on Proposition 5. Send the City Council a message to hold down tax rates.
Jack A. Mullins, Victoria