Tax increases are unaffordable
To the Editor:
Educate UA has cogently demonstrated that the Issue 52 levy is unnecessary.
A WBNS investigation of UA school district travel and food expenses has revealed the school administration's failure to meet its fiduciary obligations. Passing Issue 52 would condone and reward its wasteful extravagance..
But beyond the merits of the levy, have you considered the impact of the continuing tax increases? My family moved here in 1986. Since then, while the cost of living has increased slightly more than 200 percent, our property taxes have increased more than 700 percent. That is an annual rate of 7.5 percent, dwarfing the annual increases in inflation. I bet you are in a similar situation.
Despite having a relatively modest home, our property taxes are almost $10,000 a year. If property taxes continue to escalate at 7.5 percent annually, our taxes will be more than $40,000 in 20 years. That is more than a 400 percent increase.
Do the math. You are probably in the same boat. Can you afford it? If tax increases continue, many of you will not be able to afford to pay them. And who will buy your home if it has such a tax bill attached to it? What will that do to property values?
Today, a considerable number of our senior citizens cannot afford another tax hike. Taxes go up, but their incomes remain the same. UA teachers are already the highest paid in central Ohio. We are killing the goose that lays the golden eggs.
Don't be swayed by bogus appeals claiming this is for the kids. Kids will benefit little from passage of the levy. Get the facts. The facts do not support passing this issue.
F. Timothy Thurston