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How could the net increase in tax revenue only be $1M? At 4400 units, that would be only be $227 per unit per year. While prop 13 limits increases, for new un
by billhathaway 9y ago
How could the net increase in tax revenue only be $1M?
At 4400 units, that would be only be $227 per unit per year.
While prop 13 limits increases, for new units, they would be assessed at current value.
- maxerickson 9y agoIn the report, the $1 million is a fiscal surplus. So it factors in the cost of providing services.
- thephyber 9y agoTo expand, city services are more expensive for a resident of a city than an employee, hence the asymmetry of the fiscal surplus numbers.