Quote:
Originally Posted by garysanfran
The effect of COVID on property values was astronomical. Didn't this create an economic windfall for towns?
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No.
It only made the tax rates drop.
But it isn't COVID that did it.
I, and others, had been predicting it since 2003 as Boomers reached retirement age and were no longer tied to urban centers for their career.
The rise in the cost of housing predicates a rise in salaries, and since the municipalities are highly affected by salaries directly and through the cost of items, it created higher budgets.
The budgets have a delay function due to the cycles being elongated, but when they hit... well... this is what Meredith is dealing with.