The Constant Yield concept is that, as assessments rise, the tax rate should drop to the point that the revenue derived from the property tax stays at a constant level from one year to the next, thus assuring a “constant yield” from this tax source. By not following this method, Alan McCarthy is passing the increased property assessments onto the citizens in the form of a tax hike. While I would pursue tax reductions as County Executive, the least we should do now during these economically uncertain times is hold at constant yield- yet this is not the case in Alan McCarthy’s recent budget proposal. This is not “strong leadership” and we can do better. As your County Executive, I will make my focus on keeping more of your hard-earned money in your pocket whenever possible.
