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“The court’s bonding strategy is consistent with successful county models and minimizes the long-term impact on taxpayers,” wrote James Falkowski.
Imagine our choices for funding courthouse projects like a painting made of ink blots. Each represents a different opinion on how to pay for it.
A committee was established to evaluate the courthouse project. They reviewed the research, examined the project, and then recommended a course of action.
This process is open and invites public participation through meetings, comprehensive web postings, and board engagement.
Some county commissioners believe a new county sales tax would be a good idea to fund the project. But when you consider your options, it’s clear that you’re better off budgeting responsibly and using bonds to spread your costs wisely over time.
The court bonding strategy is consistent with successful county models and minimizes the long-term impact on taxpayers.
In fact, if a consumption tax were to be implemented, it could result in a significant tax increase. That amount would be the largest tax increase ever experienced by county taxpayers.
This is projected to increase tax revenue to 25% of current county taxes.
The trouble with the idea of a sales tax is that it’s not just an extra. It will be added to the amount you have already paid. The false belief that county sales taxes have no impact on property tax payers is a ruse. It accumulates and property taxes are added as well.
We’ve already heard about the sunset trick and how the revenue generation mechanism is taxed only on tourists. There is no data to support that.
Sales tax does not save you money, and there are no deductions like property tax. It is important to pay attention to these details.
The proposed sales tax appears negligible at 0.5%, but unlike property taxes, which provide an avenue for deduction, sales taxes do not have the potential for federal deductions.
But some say it’s necessary because other places are doing it. This implies that we lack the ability to extract more revenue streams from you, our constituents. Well, you might not think so to your face.
Instead of praising Manitowoc County’s success and stability for good fiscal management, some influencers have deep-rooted public revenue philosophies that imply that sales tax revenue sources are good for the county.
Comparing how much this project will cost taxpayers over 30 years, the $25 million to $30 million in court funding would mean $45 million annually to the county’s major school districts, for a minimum total of $1.3 billion. It pales in comparison to taxes. . Pay off the entire courthouse capital project, possibly faster, while bonding on the same schedule.
It is important to take care of the courts without raising taxes too much. It’s about planning and anticipating the future so that it doesn’t burden the next generation or you. While skepticism about tax increases is understandable, it is critical to recognize the fiscal management that has sustained this county’s foundation.
If you are concerned about sales tax planning, please consult your county representative. Your thoughts influence how money is spent in our county.
Manitowoc County Commission member James Falkowski represents District 19. For information on how to contact him, visit https://manitowoccountywi.gov/personnel/james-falkowski.
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