Wednesday, October 22, 2003

This is a tax increase . . . how?

If you read the news, you'd think that Atlanta Mayor Shirley Franklin has called for a city property tax increase. She hasn't. The tax will remain at $8.71 per $1,000. However, because property has increased in value, the total tax revenue will also increase - in this case, by about $3.5 million. The increase in tax revenue will not be offset by a cut in tax rates. For this reason, her proposal is called a tax increase.

Now, it's possible that I'm simply naive as to the nuances of city property taxes, but to my untrained ear, this doesn't sound like an increase.

Either way, the $3.5 million will go towards 100 additional police officers, 25 additional firefighters, a cost of living wage increase for city workers, among others. A good deal, I think.