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Its Begun... Nashville Dem Mayor Proposes 32% Property Tax Increase Amid Pandemic

Don't they understand that everyone is hurting right now...

The stock market is down... Stores are closed, Companies are closed, people are struggling to find money just to pay their own bills.

You can bet the amount of double and triple overtime pay for government employees is just astounding at this point. They are spending money they don't have on things they don't need and probably 90% of their offices are closed so you can't even get help from them when you need it.

It is just outrageous ... Half a Billion Dollars and Nashville is not a huge city.

It is going to happen everywhere....

They need to cut their budgets drastically before they come to the people for a fricken 32% increase

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Nashville Mayor Cooper today filed the city’s recommended operating budget for fiscal year 2021 with the Metro Council.

The Democratic Mayor wants to hike the city’s property tax by 32% to recover.

Metro Finance estimates that the city will experience a $470 million revenue decline over a 16-month time frame due to the impact of COVID-19 and the March tornado. The decline in revenue during Q4 of fiscal year 2020 required Metro to cut expenditures and spend down remaining fund balances, leaving Metro with only $12 million of fund balances at the end of FY20.

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https://breaking911.com/nashville-dem-mayor-proposes-32-property-tax-increase-amid-pandemic/

submitted by /u/ZippyTheChicken
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source https://www.reddit.com/r/RealEstate/comments/ga3htf/its_begun_nashville_dem_mayor_proposes_32/
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