Editor’s note: We have a good discussion going on Grass Valley politics. Even “Timothy Rickets” is welcome if he signs his name — and reverts from name calling. I think the same points could be raised about Measure “L,” the similar sales tax initiative in Nevada City. Will the REAL fiscal conservatives please stand up.
Below is 12 year history(and projected for current year) of GV’s General Fund(GF), and the two biggest contributors to the GF, property tax(Average 20% of GF), and sales tax(average 45% of GF). GV hit a peak sales tax revenue in the boom years of 2006/7, and sales tax begin to decline in the following years, and hit a 12 year low in FY 2009/10. If measure N passes, GV’s sales tax revenue will grow by 50%(currently the city portion is 1%, and Meas N will add .5%, new total would 1.5%) The City will see an instant increase of over 2 million dollars. The GF will grow in one year to a 12 year high. The decrease in sales tax from 2006/7(peak) to current year is about 1 million. Measure N will DOUBLE that decrease in 1 year. I can not support Meas N because it is too general(by design!), and if a few Council people can not stay within a small budget for travel, why should the citizens trust them with millions! The better alternative is a specific/special tax(I know it takes 2/3 vote,etc). Note to Michael A. – yes, I think the Police Dept needs more money, as you pointed out the PD is 43% of the GF, and they have taken a huge hit since 2006/7. I support more $$$ for police and fire, but it needs to be raised via a special tax.
Gen Fund $P Tax S Tax 1%
FY 2001-02 $7,768,640 $1,315,609 $3,512,532
FY 2002-03 $7,645,297 $1,288,951 $3,881,370
FY 2003-04 $7,640,138 $1,404,430 $3,844,199
FY 2004-05 $9,483,043 $1,529,664 $4,702,155
FY 2005-06 $10,842,573 $1,907,250 $5,262,732
FY 2006-07 $11,390,336 $1,913,397 $5,359,479
FY 2007-08 $11,596,841 $2,047,292 $5,177,636
FY 2008-09 $10,587,865 $2,285,512 $4,430,453
FY 2009-10 $9,838,994 $2,319,902 $3,753,844
FY 2010-11 $9,769,933 $2,272,285 $4,094,082
FY 2011-12 $9,814,877 $2,292,455 $4,095,525
FY 2012-13 $10,094,382 $2,170,000 $4,438,400
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