jcov40 
Member since Jul 29, 2010


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Re: “Starting Over

It will be interesting to see if the new mayor and commissioners will continue to divert part of the money away for school operations from county revenue sources allocated to schools. It is an anti-schools practice started in 2007 by the A C Wharton administration and commissioners and carried on by the Luttrell administration and commissioners after they took office in 2010. They do it by setting a cap on the total amount of county funding schools can receive regardless of what the allocated revenues provide. In some years, they had to manipulate the funds since the state requires that all of the revenue from the portion of the property tax allocated to schools must go to schools. County mayors Roy Nixon, Bill Morris and Jim Rout and commissioners in office during their administrations never sought to limit the revenue going to schools from the county revenue sources allocated to them. The funds I am talking about go to all of the public schools in the county whether they are in the county system or in the municipal districts. jcov40

0 likes, 1 dislike
Posted by jcov40 on 09/08/2018 at 10:25 AM

Re: “Strickland Presents Public Safety-Focused 2019 Budget

One thing Strickland and the news media missed is that things are lining up for Memphis property owners to receive a property tax cut. It seems to me that that is major news. It is not just a rate cut. It would be an actual tax cut compared to last year.

Posted by jcov40 on 04/26/2018 at 10:15 AM

Re: “Strickland Presents Public Safety-Focused 2019 Budget

Not sure what the word "technically" means in the mayor's tax rate statement. Going to $3.19 would lower the tax rate 8 cents and all Memphis property owners would receive a tax cut. The $3.19 is apparently the "recapture rate" that state law required the city to develop because appeals from last years reappraisal totaled significantly less than the appeals allowance in the the $3.27 certified rate the city adopted last year. The big news from the mayor's budget presentation was that Memphis property owners will receive a tax cut unless the council decides to increase taxes. jcov40

Posted by jcov40 on 04/25/2018 at 11:36 PM

Re: “Attorney Wade Joins Commission Team in Battle with County Mayor

Tennessee Atty. Gen. Herbert Slatery III recently wrote an op-ed page piece that argues against running out and filing lawsuits against drug companies in the opioid situation. He says they will draw a lot of attention but will be tied up in court for years. Slatery argues for a careful, well-planned investigation using the significant powers that the state has. I have no idea which side is correct on this issue, but the stories about the dispute between the mayor and and county commissioners outline only one side of the issue. I do believe the charter powers of who has the authority to hire lawyers and recommend lawsuits are really important issues that need to be firmly decided. Here is a link to Slatery's piece in The Tennessean:
http://www.tennessean.com/story/opinion/20…

jcov40

Posted by jcov40 on 12/06/2017 at 4:08 PM

Re: “Roland vs. Lenoir: Next Year’s Mayoral Battle Flared Up in County Budget, Tax-Rate Debate

As with all reappraisals, thousands of homeowners in the county will receive tax increases. some will pay the same taxes and many, perhaps thousands, will get tax cuts. That would have been true wherever the rate was set. Since a reappraisal affects each property owner individually, it is impossible during a reappraisal year to set a rate that would give everybody a tax cut without bankrupting the county. It is possible to calculate mathematically the
percentage of appraisal increase that would result in a homeowner's paying the same property taxes this year as last year. At the adopted $4.11 rate, it's 6.3 percent. Had the rate been set at $4.13 it would have been 5.8 percent. Homeowners whose appraisals went up more than 6.3 percent will pay higher county property taxes in the coming year than they did in the past year. Those whose reappraisals went down or increased less than 6.3 percent, will have a tax cut. If you want to know whether you and your neighbors will be paying higher or lower taxes or the same, go to the county assessor's website and check the reappraisal values compared to last year's values. jcov40

1 like, 0 dislikes
Posted by jcov40 on 07/20/2017 at 6:03 PM

Re: “New Budget Lowers Taxes, Hires Cops, & More

At the $3.27 tax rate, homeowners whose appraisals went up more than 3.9 percent will have tax increases and those whose appraisal increases were less than 3.9 percent will have tax cuts. jcov40

1 like, 0 dislikes
Posted by jcov40 on 06/07/2017 at 4:28 PM

Re: “Council Recap: Beale Street Bucks, Railgarten Get New Ways Forward

If the council's chairman wants to move ahead and put the new Beale Street Bucks program into effect as soon as possible, all he has to do is move the matter ahead to the mayor as soon as possible and get the mayor to sign it. This would make the council's approval of the minutes a moot issue. The council has misled the public for decades about approval of the minutes being required. jcov40

1 like, 0 dislikes
Posted by jcov40 on 05/24/2017 at 11:04 PM

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