Recent reports of the coming fiscal austerity programs in Sierra Nevada counties were confirmed in today's WSJ. A long article detailing the woes of Calaveras county highlighted the issue of lower property taxes as a result of lower real estate assessed evaluations. The pres. of the Board of Supervisors(stupidvisors) lambasted the county assessor for being too aggressive. She responded by pointing out that she is required by law to reassess properties as necessary, especially in a down market. The state law under Proposition 13(1978) is working as designed to provide relief to seniors and all home owners from the variables of market economics.
Perhaps the president of the board in Calaveras county would be prudent to look over county budgets for the last 4 years and see if the money spent was excessive or in line with past practice. I seriously doubt that county finances will give the appearance of reasonable expenditures during the property/home price run up before the market collapse of 2008/09.
Now all the little chickens are coming home to roost and the pols don't like it because it puts them under close scrutiny, a condition they try to avoid at all costs.
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