Sep 12, 2008
“The Elected” need to get reeducated on economics
Hennepin County is looking to cap property tax increase at 7% is the big news. Wow, thank you Commissioners! You are the greatest! The inflation rate so far this year has only risen by an average of 3.86%, and the lowest inflation rate increase over the last three occurred in the final four months of the year. BTW, that would bring down the average if that trend continues this year. The inflation increases over the last three years were 2.85%, 3.24%, and 3.39%. Why does Government need to grow way over the rate of inflation? Who do you know has had an increase in income of over 7% this past year? This only represents the county potion of the property tax increase. It doesn’t represent the increase in state and city property, school, park, sales, user fee, and other misc funding mechanisms. Why is the cap of 7% something to celebrate? The isn’t a cut in the rate we are paying it’s only a cut in the increase we are paying. Is that really the way to help working families out? Minneapolis and Hennepin County officials are trying to “paint lipstick on a pig” here and say they are trying to help families out. What happen to tax cuts?
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