The water rate increase will cost more for a family making $50,000 per year
than $100,000 per year, who use about the same amount of water
$1.83 per month x 12 = $21.96 per year
$21.96 / $100,000 = 0.0002196 increase
$21.96 / $50,000 = 0.0004392 increase
$21.96 / $30,000 = 0.000732 increase
$21.96 / $20,000 = 0.001098 increase
meaning Greensboro's City Council is going to tax the poor to please their paymaster donors
who make a whole lot more, and will be taxed less by a 'liberal' group of 'Say Yes' men and women
...The proposed budget also includes a recommended increase in the Annual Motor Vehicle License Fee from $10 to $30 per vehicle...
$30 - $10 = $20 increase for every car in every household
If the average household has two cars, it's a $40 annual increase
$40 / $100,000 = 0.0004 increase
$40 / $50,000 = 0.0008 increase
$40 / $30,000 = 0.00133 increase
$40 / $20,000 = 0.002 increase
...In terms of general fund revenue for FY 2016-17, the City is factoring in a 1.58 percent growth in property tax revenue and a 4 to 4.5 percent increase in sales tax revenue."
I believe FY 2016-17 sales tax revenue will be negative
What is the hit to sales and property taxes expected
because of the Lorillard layoffs?
Think Larry Davis would have figured that in? Not.
http://greensboro101.com/blog/2016/05/03/news-release-city-manager-presents-recommended-budget-for-fy-2016-17/
.
.
Greensboro's poorest don't know they are going to get the shaft
just like last year, and the year before
Legal theft this will be, from the poor for the benefit of the rich
by Greensboro's City Council
0.0002196 + 0.0004 = a $61.96, call it a $62 tax increase for an average City of Greensboro household,
with two cars and about the same water usage;
If you make $100,000, your taxes will go up $62, or 0.0062% of your income,
which is less than a tenth of one percent of your income
If you make $50,000, your taxes will go up $62, or 0.0124% of your income,
which is more than a tenth of one percent of your income
If you make $30,000, your taxes will go up $62, or 0.02066% of your income,
which is more than a two tenths of one percent of your income
If you make $20,000, your taxes will go up $62, or 0.031% of your income,
which is more than a three tenths of one percent of your income.
.
.
The City of Greensboro is proposing making poor people pay more
so the wealthy pay less as a percentage of income
and they have been doing it for years
These folks don't know what shame is,
they just roll with it as the News and Record and friends are so financially illiterate
they can't figure it out enough to inform the majority of Greensboro's public of the scam
Our 'liberal' City Council are quite the vermin
