06-20-2018, 12:49 PM
quote:
Originally posted by Punaperson
The 'hot economy' does not necessarily translate into large gains coming in from property taxes. Part of the funding dilemma ( by no means all ) is the large number of retirees moving here. Property taxes are capped at $200 per year for a primary residence of someone who is 65+, no matter the assessed value of the home. At the same time, the services for seniors are expanding because of demand. The list of classes offered though Parks & Rec for the 'elderly' is a lengthy one, with most classes full with a waiting list, and both the hot lunch and meals on wheels programs are growing rapidly. The imbalance between revenues and outlays will continue for the foreseeable future.
I don't think, the bold by me, is correct.
Please point me to the statute. Thanks