5 ms·

Just curious, at the top of it all are municipalities relaxing property tax dues as well?

• wins32767 6y ago
  My town is already facing a ~10% gap due to loss of state aid and income tax revenue. Many municipalities have contracts with contractual pay increases e.g. 3% per year COL increases on top of the constantly increasing healthcare costs (those were ~7% last year for my town). All told, that 10% gap turns into something closer to 15% due to the structural increases in outflows. And all of this for a town that is one of the few that has a AAA bond rating. Absent radically slashing services I don't think most municipalities can afford any sort of cut.
• vkou 6y ago
  No, because regardless of whether or not there's an epidemic, someone needs to run the schools, staff the fire station, fund an overpaid police force, and fix potholes. Theoretically, you could borrow money for all this, but then you'll just get a bigger tax bill next year.