- Elliott Stonecipher
*** UPDATE *** … Monday, May 22, 2017, 2:00 P.M.
My thanks to everyone who has responded with such loud disapproval to the property tax hike Mayor Tyler and a majority of City Council members had decided on … as of last Friday.
Now, the matter “will be further discussed” at the Council meeting tomorrow, with a vote supposedly to follow at the next regularly scheduled meeting.
The mayor waited until end-of-business Friday to announce her tax-hike plan, and that word went out from KTBS-TV, then from this page, the Real Shreveport page, and RealShreveport.com.
Now, Tyler has come up with a new statement of her “plan.”
To explain what has occurred, here is the original statement from Mayor Tyler, very clearly showing the property tax hike, and the $530,000 the hike generated for Her Honor to spend, thanks to KTBS airing / posting what City Hall said late Friday:
“The City intends to consider rolling forward millage rates from 17.290 mills to 17.650 mills.
Notice is hereby given pursuant to Article 7, Section 23(C) of the Louisiana Constitution and R.S. 47:1705(B) that a public hearing of the City Council of the City of Shreveport, Louisiana will be held at its regular meeting place in Government Chambers in Government Plaza on Tuesday, May 23, 2017 at 3:00 p.m. to consider levying additional or increased millage rates without further voter approval or adopting the adjusted millage rates after reassessment and rolling forward to rates not to exceed the prior year’s maximum on all property subject to ad valorem taxation within the City of Shreveport, Louisiana.
The estimated amount of tax revenues to be collected in the next year from the increased millage is $26,747,000.00, and the estimated amount of increase in taxes attributable to the millage increase is $530,000.00.”
NOW, the reworded version, so dense that even a bond attorney cannot understand it, and as if Tyler, Inc., is hiding something:
“The two measures before the Council involve ad valorem and general obligation debt (GOB) millages. One measure would reset the ad valorem millages to the 2013 voter approved amount of 17.65. These millages were rolled back in 2016 due to the Tax Assessors Office over estimation of property values. The actual end-of-year figures showed a decrease in property values. The reset of the ad valorem millage is based on this correct property assessment. This reset will allow the City to collect the same amount in taxes as was collected in 2015. The GOB millage rates will be reduced as the city continues its efforts in paying off more long-term debt and will result in a decrease in property taxes.”
For now, we stand baffled by the legalese and other horse-hockey. We shall see what we shall see.
Regardless, the relative scream of opposition flowing from the KTBS report through RealShreveport.com and these FB pages is hereby noted …
© 2017 Elliott Stonecipher … ALL RIGHTS RESERVED