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It's certainly something to be
discussed. At last week's League City Managers Conference, the League
discussed it's
property tax proposal - which
includes swapping 50% of the Sales Tax from future businesses (yet to be
developed)
for property tax and keeping the
base and growth of existing firms.
My understanding is that the SBOE
objects to the League proposal - saying it would cost them $1 Billion to
administer.
-- Brian Moura, San
Carlos
This report to the
Legislature is a bombshell! It considers 5 Alternatives for
redistributing Property Taxes from minor adjustments to swapping more property
tax or per capita allocations for less sales tax to realigning the functions
of local government.
A primary goal is to
give more money to Cities and Counties and to give more control to local
government and voters. There are many alternatives that would have
radical impacts on our Cities revenues and how we do business.
I believe all Finance
Directors and City Managers should respond to this Report by reading and
considering the alternatives and the impact on cities. We should discuss
the Report and other proposals for State-Local Fiscal Reform at our Pasadena
convention.
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