Ep. 51 More Spending, Higher Taxes Not the Solution

Are property tax increases coming, too? Even though the governor thinks that the “numbers aren’t important,” most union labor contracts mandate annual cost of living increases that are at least 2% if not more. Since the revenue for a tax district can only increase by 1% a year, the pressure from the annual wage increases is already causing budget pain for schools, libraries, fire stations and other junior taxing districts.