Better start saving up now...because all signs point to a substantial property tax increase this year.
I don't need to point out that the last hike - 33% - occurred right after property revaluation...and we're just about wrapping up our latest reval.
You see, our local politicians have always loved revaluation, since it gives them the chance to make our tax rate look lower (if property values go up), while actually raising the monetary amount we each pay. Of course, if property values go down, they point to the lower Grand List as the main culprit. Either way, we get the shaft...and they avoid all blame.
But there's another factor to be considered. When he spoke before the City Council on January 13th, Finance Director Bob Barron (depicted below) made the astounding admission that, "in the 33 months [he has been Finance Director], West Haven has almost always spent more than it had taken in" [emphasis added]. By both City Charter and by State Law, we cannot run a deficit at the end of the year. Add to this the fact that our Bond Rating is now the lowest in the state (or nearly so)...so borrowing - even if he wanted to - isn't an option for Picard.
So the only possible way we can avoid a deficit is to take money from the next year's tax receipts...in short, we're stealing from our future. Sound Financial Management, indeed.
It was politically impossible for the Mayor to propose a second tax increase, especially after the whopper he dropped on us in 2006. But all indicators point to the likelihood that he won't seek re-election...so everything's back on the table.
It is probably too much to ask that the administration give us some warning that this is coming down the pike...that would require honesty and openness.
Like I said, better start saving now...we'll all be paying later.
3 comments:
Why don't you think John is going to run again. I ASSURE you his plans at the moment are for a 4th term
If you can be so sure that the Mayor will run again, you're better keyed in than I am.
But even if you are right, the events that will (probably) occur in the coming months might just make him reconsider that prospect.
I'm not implying some unheard-of scandal; I'm only referring to about the financial state of the City.
WTF, Jimd...have you no answer???
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