More Taxing than Expected
A Sakonnet Times story that does not appear to be online confirms my suspicions: Tiverton’s going to raise my taxes even more than the previously suggested maximum. Apparently, “the big jump is in the debt service on school bonds” (a 45% increase), followed by an estimated 3.2% increase for the school district. Of course, Rhode Island law encourages increased debt, because it is exempt from legislated increase limits.
Also notable is the passivity with which article conveys tax increase information:
That budget figure factors out to a new tax rate of $11.59 per every $1,000 of assessed valuation for Tiverton property owners, [interim Town Administrator James Goncalo] told the council. The current tax rate is $10,26 per $1,000, while the year before (’06–’07) it was $9.62 per $1,000.
Nobody raises the taxes, they just “factor out.”
The rest of the council’s budget discussion will be carried out behind closed doors because “further budget reductions might affect staffing and/or labor contracts.” The party’s over; expect a fight.