Week of November 15, 2007
Tinkering with taxes isolated from economic expertise, as noted in this space last week, can trigger disaster. Without holistic thought, reverberations of change in tax structures can subvert the best of intentions.
That has since been borne out once again as state economists now estimate that Florida’s total property valuation will fall nearly 3% in 2008 — a tumble that could help cities and counties raise tax rates despite last spring’s state legislation designed to roll back rates.
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