"Kudos to State Sen. Sue Errington for having the wisdom to not submit our local and state coffers to what may turn out to be a shortsighted decision with long-term negative consequences.
Of course, property-tax caps would be popular with the voters -- most voters consider their own pocketbooks first and the greater good second (if at all.) Before a decision such as writing tax caps into the constitution is made, people need to look closely at and study examples of where tax caps have already been implemented and what the ramifications of them were.
California is one such example. The negative impact of tax caps on California when Proposition 13 was enacted are well documented. The 1 percent property tax cap resulted in a revenue decreases of over 50 percent. This also results in loss of jobs and services that businesses want in a community where they are looking to locate."
Of course, property-tax caps would be popular with the voters -- most voters consider their own pocketbooks first and the greater good second (if at all.) Before a decision such as writing tax caps into the constitution is made, people need to look closely at and study examples of where tax caps have already been implemented and what the ramifications of them were.
California is one such example. The negative impact of tax caps on California when Proposition 13 was enacted are well documented. The 1 percent property tax cap resulted in a revenue decreases of over 50 percent. This also results in loss of jobs and services that businesses want in a community where they are looking to locate."