New Contract for America?
 

D. Peter Maus wrote:
snip

There are a number of regions in Cook, Lake and DuPage counties,
Illinois, where home values have gone up. My own went down from the peak
in 2007. The YL's place in Buffalo Grove went up.

Interesting to note, however, that both locations are currently higher
than they were in 2005.

There's a lot of generalizing, in all these discussions. The truth is,
that not everyone's property values have dropped. Some are higher, now,
than they were at the previous peak. Few, to be sure. But it is happening.

The general result is that scheduled tax reassessments have been
delayed in areas where there has been dramatic value loss, but
reassessments have been accelerated in areas where there has been value
increase to cash in on increased revenue stream.

Rule of thumb: the government will never do with less. Whether you do
or not.




If spending is constant and all assessed property went down 10%, the mil
rate will go up 10% because it's determined by dividing the amount
they're spending by the total assessed value of all property on the tax
roll.

To reduce taxes, you need to cut spending or you need new development
that doesn't include many school kids. (Around here a house that sells
for $800,000 is assessed at $560,000 and won't generate enough property
tax to pay for one student in school)

Most of a town or city budget is for payroll and benefits for union
workers. Those are very hard expenses to control because of binding
arbitration. As a result, you need to be aggressive about controlling
spending in every line item you can. It also pays to look at the long
haul because sometimes spending a little extra money now will save you a
bunch of money down the road.

In my city, our mil rate is 18.61 - well below surrounding towns, and we
provide services like trash collection that other area towns don't
include. Fiscally conservative Republicans have dominated our
government for 18 years.

If you're involved in your local government or are contemplating getting
involved, I can suggest some ideas that have helped us the most. (email
me direct)

New Contract for America?
 

On Nov 5, 12:11*pm, "Mark S. Holden" wrote:
D. Peter Maus wrote:

snip





* There are a number of regions in Cook, Lake and DuPage counties,
Illinois, where home values have gone up. My own went down from the peak
in 2007. The YL's place in Buffalo Grove went up.

* Interesting to note, however, that both locations are currently higher
than they were in 2005.

* There's a lot of generalizing, in all these discussions. The truth is,
that not everyone's property values have dropped. Some are higher, now,
than they were at the previous peak. Few, to be sure. But it is happening.

* The general result is that scheduled tax reassessments have been
delayed in areas where there has been dramatic value loss, but
reassessments have been accelerated in areas where there has been value
increase to cash in on increased revenue stream.

* Rule of thumb: the government will never do with less. Whether you do
or not.

If spending is constant and all assessed property went down 10%, the mil
rate will go up 10% because it's determined by dividing the amount
they're spending by the total assessed value of all property on the tax
roll.

To reduce taxes, you need to cut spending or you need new development
that doesn't include many school kids. (Around here a house that sells
for $800,000 is assessed at $560,000 and won't generate enough property
tax to pay for one student in school)

Most of a town or city budget is for payroll and benefits for union
workers. *Those are very hard expenses to control because of binding
arbitration. *As a result, you need to be aggressive about controlling
spending in every line item you can. *It also pays to look at the long
haul because sometimes spending a little extra money now will save you a
bunch of money down the road.

In my city, our mil rate is 18.61 - well below surrounding towns, and we
provide services like trash collection that other area towns don't
include.

- *Fiscally conservative Republicans have dominated
- our government for 18 years.

Domination by Republicans . . . The EVIL of It All !
shake-off the domination of the evil ones :o)


If you're involved in your local government or are contemplating getting
involved, I can suggest some ideas that have helped us the most. (email
me direct)

Property Values can go Up and Down {mostly up} -but-
Government Spending Always Goes Up Up and Away !

New Contract for America?
 

The States Can Stop DUMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
ASSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSS
www.rense.com/general88/adip.htm
cuhulin

Who the hell cares about this CRAP!!! You're in the SHORTWAVE forum!! STAY on topic ok???!!!