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.
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.