Vicky asks: Vicky here: It would be nice for Ms. Becker to explain the following page from the City's financial reports. Market values have more than doubled over the past ten years, while the City's tax capacity has dropped from $324 million to $295 million.
http://www.ci.minneapolis.mn.us/financial-reports/cafr2002/p136TaxCapMrktVal .pdf Me: This was referenced directly in today's earlier post from the Fitch bond-rating guy. For anyone who didn't read that far, here's a repeat: "Analyst O'Keefe noted that the really big drop in tax capacity came a few years ago (during Gov. Ventura's commercial-industrial-apartment property tax cuts)." Doesn't make a city government's job any easier, but the big rate cut was a one-shot deal, not a long-term trend. Thus, it reflects less on the growth and vibrancy of our city and more on the state's ability to constrain our tax rates. Personally, I think the tax-capacity horse is darn near death. David Brauer Kingfield REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
