A decline in property values is going to come back and kick Tarrant county residents in the butt one way or the other. Sad, but true. Taxpayers cannot win.
Laid off teachers didn’t reduce your taxes. In fact, if they don’t find work (because no school district is hiring), property values may decline further and taxes will rise to make up the difference.
No, I wasn’t suggesting that a RIF decreased my taxes. My taxes have dereased over the last 7 years. We haven’t laid off teachers until this year. It’s the other way around. The decrease in property taxes caused a decrease in revenue for the ISD which caused the layoffs.
The decline in values has already bitten us. Thus the layoffs.