It is time for the Town and JIPSD to come to an agreement to provide tax relief.
I will ask Town Council to amend our draft budget, reducing the proposed millage in the Town budget from 35,1 mills to 17.7 mills and budget $1 million to purchase solid waste collection from the JIPSD by contract.
This will allow the JIPSD to reduce their taxes from 51.1 to 35.4 mills, a 31% tax cut.
Which is better? A 3.9% tax increase in the Town or a 31% tax cut?
The $1 million contract payment from the Town will give the JIPSD the same amount of money that they would have received from the Town's tax district from the higher taxes.
I will ask Town Council to amend our draft budget, reducing the proposed millage in the Town budget from 35,1 mills to 17.7 mills and budget $1 million to purchase solid waste collection from the JIPSD by contract.
This will allow the JIPSD to reduce their taxes from 51.1 to 35.4 mills, a 31% tax cut.
Which is better? A 3.9% tax increase in the Town or a 31% tax cut?
The $1 million contract payment from the Town will give the JIPSD the same amount of money that they would have received from the Town's tax district from the higher taxes.
I will also ask Town Council to approve a nonrefundable LOST property tax credit of $2,948,058, which will zero out the amount of Town's property tax. The Town should get enough LOST funds over the next five years so that no one will pay any tax to the Town.
All that is necessary is a majority of members of Town Council and a majority of JIPSD Commissioners who are willing to work together to cut your taxes.
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