Because general budget needs property taxes. Specific measures are funded with bonds that are paid back via separate parcel taxes. Landlords can pass this onto you as part of rent, even if there is rent control.
What the heck is a “Bond Measure Passthrough,” why doesn’t this come out of the general budget, and why do we get such a jargon-filled form?pic.twitter.com/l3bALqlqHQ
-
-
-
I'm trying to parse this, but it still doesn't make sense to me. I don't understand why the city wants to bother me with this useless information. In other countries, cities just raise money if they need it and the interest cost (?) goes on the general budget.
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
at
retweets