Quote:
Originally Posted by MAXUM
Considering this is NOT a dire need for the town, this should be tabled until such time as some normalcy can be restored and the process can move forward in a conventional way.
If there is an emergency that needs to be addressed that's an entirely different story.
Of course if there is some way the few that are hell bent to make this happen are given the chance to ram this through I'm sure they will. Don't underestimate the financial irresponsibility or better put ineptitude of a few who have no concept of the current state of affairs. This lasts long enough it's a given foreclosures will be on the rise, and that means less property tax revenues coming in.
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Banks always pay the taxes on foreclosed properties to protect their position. No loss of revenue to the town. If the taxes aren't paid and property is sold at auction, the ton gets the taxes from the new buyer, probably with interest.