All or most of that will be covered by raising the most regressive tax around: the real estate tax. With the Councilwoman’s additional $130 million of capital spending, the looming deficit is approaching $70 million. I am arguing that they are on a spending spree that will require them to raise the county real estate tax by 35 to 40 percent over the next couple of years.Įarlier articles here at Broad + Liberty have pointed out that Council has increased the budget by more than the $60 million that it is funded with non-recurring money - in other words, money that the taxpayers will have to begin funding over the next two years. I am not arguing about the need for Delaware County to address capital needs. Where in these numbers do you see a saving? The net result, without any of the Councilwoman’s legerdemain, is another $8 million in annual real estate taxes. In 2023, Council will spend $60 million on capital projects, and in 2024, Council will spend $ 70 million. If one spends some time trying to decipher her somewhat convoluted comments, one will see what she is really saying.
Perhaps, if she really cared about the taxpayer, she should say she is spending $1 billion and then spend only $60 million, thereby saving the taxpayers $940 million.
How did she do it, you ask? Easy - she merely said she was going to spend $70 million and only spent $60 million. According to comments in the Daily Times, Councilwoman Elaine Paul Schaefer has done an amazing thing: she has saved taxpayers $10 million.
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