Skyway News and SW Journal feature stories on the Mayor's and council's proposal to cap property tax revenues at 8 percent growth per year.
One of the most interesting parts is a chart of how property taxes would grow for various home valuations ($155,000; 250,000; 510,000), in today's dollars. The charts were prepared with the help of the city finance department (which was extremely cooperative; thanks to Tammy Omdal and her crew). The goal of the chart is to provide apples-to-apples payment comparisons between 2003 and ensuing years. The finance department folks accounted for the estimated gain in your home's market value, and figured in ongoing state property-tax classification compression and the gradual end of limited market value. The story can be found at: http://www.skywaynews.net/display/inn_news/news02.txt The graph is at: http://skywaynews.net/2mnskyway/news02.pdf (requires free Adobe Acrobat reader) Comments welcome to me or the forum. David Brauer Editor, Skyway News & Southwest Journal King Field _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
