Wednesday, June 8, 2016

What will Edison Mayor Tom 'Now 11.1%' ChoiLankey's Number Now be?!?

Well, tonight's the night that Mayor Tom 'Now 11.1%' ChoiLankey introduces his 2016 Muni-Budget over there at 100 Oligarchy Blvd.  As soon as it's available, we'll take a look and see what's in it and what it does to you and me. Though I did notice from the agenda that they also have an ordinance to bank some $3.7 million in appropriations, so we'll have to see what that's all about too. Got to pay attention to those bank thingies - they come back to bite you in later years.

Just a reminder, the Final Council-AmendNotMent 2015 Budget came with $126.8 million in appropriations and an $87.2 million tax levy - all the council could find to cut out of an $87.8 million Choi-Lankey budget was a whopping $600,000 - an amount so insignificant that it gets lost in the rounding.

Señor Lankey's 2015 amended budget took the Muni-tax rate up to $1.235, which was up some 2.9-Cents or 2.5%.

So, let's wait and see what they do in the 'DemBadLands' of Downtown Edison to add to the $234 million School's already 11.2-Cent or 4% property tax increase for 2016.

Don't know what the County tax or County Open Space tax for 2016 will be yet. Last I asked, it wasn't in yet.

Here's some history of the property tax rates from 2011 to 2015 here in Downtown Edison. You can see where the increases came from each year and what each entity is as a % of your total tax bills:

Here's another breakdown of the history of the County taxes that show up on your tax bills only because Charlie 'I Abstain' Tomaro is working so hard for us to $tabilize taxes:

Anyhoo, it would be helpful if we don't waste time and money with a Council-AmendNotMent process and just get on with whatever Lankey puts out so we can get the tax bills out on time and not have another estimated tax bill this August. Logic says if all they cut out of last year's $87.8 million tax levy was some $600,000 and in 2014 all they cut out out of an $84.9 million tax levy was a whopping $141,000 - then let's just skip the checks and balances myth.

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