Sentences with phrase «through higher local property taxes»

They also say the proposal does not tell voters that the bonds will be paid through higher local property taxes if sales tax revenues are insufficient.

Not exact matches

New York has high property taxes, and we have been actively reducing them through the 2 percent property tax cap and pushing local governments to share services.

One compensation is that districts next year will be allowed to raise more money through local property taxes, because the state's baseline cap restriction on taxation will go up to 2 percent — the highest limit since 2013 - 14.

Other reforms Hawkins is calling for include a windfall tax on pharmaceutical companies» opioid wealth, a surtax on high - dollar pass - through income from LLCs and other pass - through vehicles, a clawback of the new federal tax cuts if not used to increase workers» pay, home rule for local income taxes, and tax credit «circuit breakers» to protect low - to - moderate income tenants and homeowners from unaffordable rents and property taxes.

Although it is the Constitutional duty of the legislature to fund education, property owners are footing more of the public education bill through higher, local property taxes.

The final budget bill cut state K - 12 spending by nearly $ 800 million, over7 percent — the largest amount in Wisconsin's history — and limited local governments» abilities to make up for these cuts through property taxes.14 That same year, Gov. Walker passed major tax cuts primarily targeted toward corporations and the wealthy that totaled $ 2.33 billion over 10 years.15 Gov. Walker and Act 10 proponents argued that the bill's reforms would allow schools to offset these cuts by reducing teachers» benefits and hiring lower - paid teachers, preventing budget cuts from affecting students.16 Gov. Walker also argued that eliminating requirements to bargain over salary structures, hiring, and working conditions would give schools additional flexibility needed to attract and retain higher - quality teachers.17

Although the state sends more money to higher need school districts it doesn't make up the gulf created by a blatantly unequal system substantially funded through local property taxes.