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Cost of living

One of the truly ridiculous reasons to oppose the property tax measure is that there is a 2 percent cost of living increase built into the measure. My concern is just the opposite: I’m not sure that is enough of an increase to keep pace with inflation!

Example: If you had $100 in 2,000, you would need $146 today to have the same purchasing power. That is almost a 2.5 percent per year increase. It would have been a dereliction of duty for the town council not to have put some degree of cost of living increase protection into the property tax measure.

The need is to provide the town with a stable and reliable source of funding. To do that, a provision has to be made for keeping the purchasing power of that revenue source stable. The best way to do that is to give the town council the ability to raise the amount to be funded up to 2 percent a year as a hedge against historic inflation rates.

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Cost of living

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One of the truly ridiculous reasons to oppose the property tax measure is that there is a 2 percent cost of living increase built into the measure. My concern is just the opposite: I’m not sure that is enough of an increase to keep pace with inflation!

Example: If you had $100 in 2,000, you would need $146 today to have the same purchasing power. That is almost a 2.5 percent per year increase. It would have been a dereliction of duty for the town council not to have put some degree of cost of living increase protection into the property tax measure.

The need is to provide the town with a stable and reliable source of funding. To do that, a provision has to be made for keeping the purchasing power of that revenue source stable. The best way to do that is to give the town council the ability to raise the amount to be funded up to 2 percent a year as a hedge against historic inflation rates.

Protect your property values. Vote yes on the property tax measure to provide the town with a more stable and reliable source of revenue.

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