I think you mean the county. The county would be representatives in that county.
The State education portion of the bill is not collected and redistributed... it just offsets what your school tax would actually be.
The State, or even the federal government, may choose not to make a discretionary grant to the town. But that effect can actually be measured.
That would be State senators, the Governor, Congress or the President stopping the flow of those revenues.
The town receives - and this is not an inclusive list - a portion of State gas taxes, Meals & Rentals, and BPT/BET (should they get educational grants or have individual students using EFA or charter schools).
Other than the push/pull of having a high year then offset of a low year that created a false marker... I think as tummyman pointed out, it really is more of the movement of value toward the water.
Every property may be going up in value, but those are going up faster.
I have a lot of job sites that I am supplying some very high end materials to, and they are all near the water.
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