• sugar_in_your_tea@sh.itjust.works
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    10 months ago

    They’re not reducing taxes, they’re adjusting how much of the tax is applied to a given property. So if 97% gets a tax reduction, the other 3% are making up the difference, resulting in the same net tax receipts.

    So if development still doesn’t come, nothing changes. At least that’s my read of the situation.