OBTW – did you know that the Apostle St. Matthew was a – Tax Collector… before you know WHO got a hold of him?
To Date – no one has shared this factual information below with you – not the School District, nor their Superintendent, not the Fishwrap folks.
So Let’s begin.
What you Know: Eagle County’s Public School District convinced the “majority voter” to vote for (2) Property Tax Increases – Ballot Issues (3A & 3B) last November 2016. You also know that – that Tax Increase, increased your Property Taxes – our School District Mill Levy increased from (20.311 in 2016) to now (25.209 in January 2017).
What you Don’t Know: That Property Tax Increase is “not enough” to cover both Ballot Issues (3A & 3B). Turns out it’s barely enough to cover the annual cost of (3A) the $8Million Annually of increased expenses at our Public School District. What about the cost of (3B)? Our School District “bonded” for 3B at the end of January 2017 for an additional ~$144Million Dollars of long term Debt – levied against your Eagle County Residential and Commercial Property. Frankly, at the time (early January 2017) our EC Treasurer’s Office (while working with our EC Assessors office) was not able to calculate the required additional Mill Levy to cover the annual debt service of (3B).
BOTTOM LINE: Your Eagle County Public School District Mill Levy is going to increase (again) in January 2018 – and you and the ECT will have absolutely NO SAY in that additional increase you’ll be required to (start) paying in the next 12 months. Congratulations, EC Majority Voter. If you’re a Renter – don’t worry – you’ll be hearing from your landlord soon enough.
YOUR COST OF LIVING IS GOING TO RISE: Looking for more good news? OK, per Colorado State Statute – this 2017 is a “property re-evaluation year” for the entire State of Colorado. Most likely (according to the EC Assessors Office) your existing property will be valuated HIGHER, resulting in higher Property Taxes – ACROSS THE BOARD in January 2018. So, local Renters if you or someone you know voted for (3A & 3B) they just made it much more expensive to BUY a home and more expensive to live in it. Apparently the economic concept of “cause and effect” is no longer taught in our Public Schools – nor our liberal Universities. Can you think of another explanation, ECT reader? Let us know, leave a comment.
The FISHWRAP FOLKS and their ILK (local Realtors) are always happy to point out your homes (alleged appreciation in value) however NEVER want to discuss the CONSEQUENCES of that increased value of your PROPERTY.
If you or you know someone (who is currently a Renter) here in Eagle County – and Voted for both (3A & 3B) – the ECT offers this short (YouTube) video explaining the concept of “Cause and Effect”, thanks to Elementary School Teacher – Ms. Carrie Carter.
Next weeks lesson? You can’t make something more affordable (like housing) – by making it more expensive