A quote from the story David cited: >http://www.skywaynews.net/display/inn_news/news02.txt > >David Brauer >Editor, Skyway News & Southwest Journal >King Field it says that: >Residential rates will rise an average 13 percent per year over the next >10 years under the plan. That's because statewide tax reforms enacted in >2001 shift the tax burden from commercial and industrial properties onto >homeowners. > >Owners of less-expensive dwellings will see bigger tax hikes in percentage >terms. (See charts below). Since the republican-controlled Legislature did shift the tax burden from corporate business property and rich-people's homes onto middle-class & poor people's homes as part of their "reforms", does it make sense now for people to invest money into improvements to their Minneapolis homes? Especially improvements that are known to provide lasting increases in a home's value (like additional bathrooms, kitchen remodeling, heating/AC/utility improvements)? After all, you'd at least be able to enjoy the investment in your home for a while. You sure can't say the same about investments in the stock market under the Bush economy! Are we likely to see a rise in remodeling/adding-on to Minneapolis houses at this time?
Tim Bonham, Ward 12, Standish-Ericsson _______________________________________ 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
