New dedicated property tax for Public Safety with a sales tax redution for the same dollar amount
This will allow the city to take advantage of the stability of the property tax and have a zero net impact on the tax payer. It may also encourage spending in the community due to the lower tax rate and offer some incentive for annexation.
"This will allow the city to take advantage of the stability of the property tax" Stability ?? Have you seen housing prices lately ? Oh...right, the taxing authority can rig the valuations
"have a zero net impact on the taxpayer" Right...until sales taxes drop, like the current recession and the City needs to find more cash...again.