How can he do this? And as usual the the devil may be in the details!
- By "general revenue" increases, either from sales tax, income tax or special use taxes. The largesse could be redistributed to cities, counties as property tax relief.
- If "general revenue" does not increase then the relief has to come from cutting programs and using "revenue sharing statutes." There are other tricks with changing "incident" dates.
- Who really gets the most from "property tax relief" - families or businesses? Renters or large real estate holders?
- Does limiting local control over property taxes enhance the "communities" well being or does it materially diminish the differently expressed preferences of one community over another.
- Does limiting or restricting "school boards" from either access to more monies or interfering with what they can spend the monies on help some other "policy objective" - make "charter schools" appear more attractive.
I added this blog reference after reading Jake's comment -
Scott Walker touts property tax relief throughout Wisconsin
Read more: http://host.madison.com/news/local/writers/jessie-opoien/scott-walker-touts-property-tax-relief-throughout-wisconsin/article_62d05743-78e3-5aef-8255-ee90195c6706.html#ixzz3Mj7Fm42F
... and more unrealistic games by the GOP on the National level
In practice, these models are political statements. They show the biggest economic effects by assuming that tax cuts are financed by unspecified future spending cuts. The smaller size of government, not the tax cuts by themselves, largely drives the models’ results.
While he adds $2 Billion (on purpose to create a crisis at UW) to the deficit and $1 Billion more in bonds.
#1% benefit: Is #Walker 's WI #Property #Tax Reduction another "Hidden Agenda? Property Tax > Are #wealthy people overburdened by #propertytax ? -WI 1848 Forward