Posted on 04/28/2020 5:42:38 PM PDT by Bommer
Nashville Mayor Cooper today filed the citys recommended operating budget for fiscal year 2021 with the Metro Council.
Metro Finance estimates that the city will experience a $470 million revenue decline over a 16-month time frame due to the impact of COVID-19 and the March tornado. The decline in revenue during Q4 of fiscal year 2020 required Metro to cut expenditures and spend down remaining fund balances, leaving Metro with only $12 million of fund balances at the end of FY20.
(Excerpt) Read more at breaking911.com ...
Let me guess, Nashville elected a Democrat?
Maybe he should try shaking down the new soccer team again. They’ve got Ingram cash.
How will people without jobs afford the “rent” they pay to the government aka property tax?
Forecast: SERFDOM.
Can the Mao Mayor say FO!!
Not to long ago N.Pa officials got death threats when they tried to raise property taxes that high.
Yep. Morons!
This is what you get when you court liberal Blue staters to move to your “hip” city.
They vote for idiots, like this.
Yep...I don’t think so Coop!
Lets see, the people have been thrown out of work, business near bankrupt, can’t pay their bills and the local government ruling class wants to increase their effing tax bill 32 percent? Why not make it 50%?
These people in government are parasites.
Complain and you will be knocked down a notch.
Sometimes the GOP runs such bad candidates that voters elect Democrats instead in protest. Don’t forget about that.
If I were a state pensioner I would be nervous about now. Some states are better funded than others, but all state pensions are in peril now. The revenues have dried up, and the debts are mounting by the hour.
its the BUSINESSES that suffered and the people....
I don’t care how bad the pub is YOU NEVER PUT RATS IN ANY GOVT POSITION....never ever.....they work like together like cockroaches....
I’m in a county adjacent to Davidson County (Nashville) and our property tax is less than a third of theirs. That’s part of the reason many people are moving here. My wife and I figure that by the time we are ready to retire and build a house on her farm in Warren County, the sprawl will have caught up with us.
My folks are retired. Their incomes will not go up 32%. This will, in effect, tax retirees out of their homes.
This is a temporary problem. You can bet that when they have recovered from this fiscal tight spot there wont be any office holders clamoring to cut taxes.
Can you imagine how badly they're gonna get property-raped in New Jersey and New York City?
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