Saturday, November 29, 2008

The revaluation and government spending

Anyone happen to notice the Herald cover story this week discussing the sale of the Wachovia building? In particular, the winning bid on the bank was $326,000... while the recent revaluation placed it at $457,570.

I'm sure that's a confidence builder for everyone who's questioning their reassessment.

Keep in mind though... ignoring this Council's affinity for ever-bigger government... if the town did another reassessment today, all values would change. And even if a particular property's reassessment drops 10%, taxes on that property could still increase... if all other properties dropped by more than 10%.

IMO, the main issue is spending. And the town government is no different from the federal government. We need to avoid waste, mismanagement, fraud and programs that duplicate the intent of existing programs.

Tim White

10 comments:

Mberenis said...

Did you hear the good news? Obama is making it better for us already! Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailout is for YOU

Anonymous said...

Tim, the above post is spam linking to a commercial site. Please feel free to delete such spam!

Anonymous said...

Not only do we have to worry about our jobs, our retirement savings and the continuing decline in our property values, the reevaluation is the last straw. This has only added to the stress level and the added taxes some businesses will be assessed with help drive them out of business.

The reevaluation makes no sense. We are being assessed at bogus inflated values and our town government is doing nothing to stop this farce.

Anonymous said...

The cement heads just want more money for their turf fields and fancy sidewalks. Since the North End ain;t getting built, you and I are the only source of funds

Anonymous said...

Someone on the Council should introduce a resolution to overturn and re-do the assessments.

Anonymous said...

Be interested to see how much personal property taxes drop--the past year people ahve been selling everything--cars, boats, trucks, campers, SUV's etc....

Anonymous said...

The Waterbury paper today says Southbury is making spending cuts in its budget due to expected decreasing revenues. They've slashed spending in the current budget and requested 5% reductions in next year's budget.

Cheshire should do the same.

tim white said...

The Waterbury paper today says Southbury is making spending cuts in its budget due to expected decreasing revenues. They've slashed spending in the current budget and requested 5% reductions in next year's budget.

Cheshire should do the same.


Tom Ruocco and the Council minority have tried. But the majority is comfortable ignoring the real world where people are worried about their jobs, their retirement accts, and lots of other stuff.

"These aren't the droids you're looking for. Move along." - Obi Wan

Anonymous said...

What part of 680 points in the red don't they understand?

Anonymous said...

We were told that the median assessment went up 10%. This is not a good figure. We should be provided with an average percent increase by taking all the percent increases and dividing by the
We should also be given the percent that the new residential grand list would increase over the old residential grand list.

Lets have all the statistical numbers so that we can be assured that we are being fooled.

Thes numbers should be very easy to provide.