tax increase
Canon City council will ask voters in November to suspend tax rebates due to them under the 1992 Taxpayer Bill of Rights (TABoR). Under TABoR the city must return any money beyond what it is allowed to collect to taxpayers. The ballot measure would suspend those rebates for ten years between 2010 and 2020.
King County, which includes Seattle, may have to cut back on a few of its services after the county council refused to put a 1/10 of a cent tax increase on the ballot. Council members indicated that due to the struggling economy they could not ask the taxpayer to give up more of their money.
Voters in Provincetown will be voting on both a permanent and temporary tax increase in the May 5th town elections. Under Massachusetts law, local governments are prevented from raising their tax rates by more than two and one-half percent.
Fargo, ND city commissioners approved a ballot measure that would raise the city’s sales tax by a half-cent to 7%. The money would go to flood protection measures. Citizens will vote on the measure in a June 30 special election.
California lawmakers are warning that the state’s budget deficit could exceed $15billion if several budget related ballot measures fail at an upcoming special election. Six measures that include tax increases and spending cuts are going before voters in a May 19 special election.