Tracking code caldwell guardian

Sunday, February 8, 2009

How Urban Renewal Affects All Taxpayers What Happened Voting

The following is taken directly off the Canyon County Assessor's website:

How Urban Renewal Affects All Tax Payers
By Gene Kuehn, Canyon County Assessor

Any given tax district, such as the County, can cover properties both inside and outside of an urban renewal district. The tax district can only levy taxes on the base value of the portion of properties that are also in the urban renewal district. This creates a tax shift and causes levy rates to increase at a faster rate (or in some cases not decrease as much as it would have otherwise). This affect on the levy rate applies to all of the properties within the tax district whether or not they are located in an urban renewal district. This means each tax payer is responsible for providing a larger percentage of the tax district's budget.

THE GUARDIAN continues to hear local government talking heads present urban renewal as "free money" to audiences gullible enough to swallow this mis-information on how urban renewal is funded. Urban Renewal districts raise property taxes for ALL COUNTY TAXPAYERS, it forces levy rates to increase more quickly for all county taxpayers as it is a tax shift.

KBOI lead story in their news broadcast today (Monday 2-9) Caldwell to get a judge to approve revenue bonds for $11 million city hall project. Again a big financial move in hard times without a vote of the people on this debt obligation. A recent story in the local paper indicated the Mayor and the Urban Renewal Crew were going to seek at least an advisory vote on the city hall project.

No comments:

Post a Comment

A public discourse on the issues of the day makes the world a better place.

We welcome comments but they will be moderated and edited if too long or do not have anything to do with the post.
Agree or disagree just do it without profanity or it won't get posted. Try to keep your comments to no more than 300 words. Too long and I will try to edit it down or simply delete the comment. The whole idea is to get people to read your comment. Don't use 10 words when one will do the job.

It's OK to have a difference of opinion but keep it civil. I have used the "delete" feature on myself at times.

The ANONYMOUS feature for comments seems to be the most user friendly. People have commented they have difficulty with the other methods of posting comments.