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Constant Yield

[et_pb_section fb_built=”1″ _builder_version=”4.4.0″][et_pb_row _builder_version=”4.4.0″][et_pb_column _builder_version=”4.4.0″ type=”4_4″][et_pb_video src=”https://www.youtube.com/watch?v=hYKbkKMaTwI&feature=youtu.be” _builder_version=”4.4.0″ hover_enabled=”0″][/et_pb_video][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.4.0″ hover_enabled=”0″][et_pb_column _builder_version=”4.4.0″ type=”4_4″][et_pb_text _builder_version=”4.4.0″ hover_enabled=”0″] 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 […]

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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.

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