I don't think so. Even though the public sector unions in these cases were raping & pillaging by passing these cadillac extensions, the point is that Gov. Walker announced his budget repair bill, which specified 900 million in cuts to the districts & counties & cities. He has basically passed the mandate to these local entities to balance their own budgets, since there is no money left at the state level.
I think these local entities will realize very quickly that they cannot afford the union contract extensions and the s__t will hit the fan once the local entities are faced with bankruptcies unless they AND the taxpayers rescind the union extensions. I think the unions once again will have screwed themselves and will generate massive taxpayer backlash against the public unions.
I hope you are right. For the sake of my checkbook.
My experience here in Tax Hell, has been the local tax collectors will raise my prop value, and/or raise the mil rate, until it meets their wish for just as much money as they want from WI real estate owners.
I have heard Walker say there is something to deal with this in his budget.
I will be amazed if he can tame the long time habit of raising prop values and mil rates and levies, year after year after year. I’ve paid the school taxes since 1988 and they’ve never failed to take until it hurts and demand even more the next year.
I will believe that my real estate tax won’t go up, when I see my bill next December.