Fitchburg State Steps In To Clean Up Blight
For about the last two years a hot topic in Fitchburg has been what to do with an old one-story Main Street building sitting directly across from the city's train station in the heart of the downtown.Full Story
#1 Apr 2, 2010
'(A) tax rate
'(B) total cost, gov. expenditures
'(c) total land value
'(D) percent of land value owned by taxable entities
'(E) total tax revenue
'E = A*C*D
'set E = B.
'solve for A
B = given 'total cost
C = given 'total land value
D = given 'percent of land value owned by taxable entities
E = B
A = E/(C*D)
'tax rate = total tax revenue/((total land value)*(percent value taxable))
(improvements to rail by expenditure of tax revenue. blight demolition by expenditure of tax revenue. purchase of land from taxable entity by non-taxable entity.)
Effect: increase A.
(avoid taxing privately owned rail and do not spend tax money on rail. do not spend tax money on demolition.)
Effect: decrease A.
This story is closer to scenario1 than scenario2.
In plain english:
The more land owned by non-taxable entities, the greater the burden on the taxed entities.
This is especially true if government is not limited, expands services and increases expenditures.
Add your comments below
|Carol Karafotis first-time candidate for Dartmo... (Apr '14)||Apr '14||Steve Russell||1|
|For Antonucci, grief replaced physical pain (Nov '13)||Nov '13||Jtn||1|
|Omni Hotels president to speak at FSU commencem... (May '13)||May '13||jtn||1|
|Food, fun, friends abound at First Thursday (Jun '10)||Jun '10||joker||8|
|Art project to provide distinctive welcome to city (Dec '09)||Dec '09||George Townhille||1|
Find what you want!
Search Fitchburg State College Forum Now
Copyright © 2014 Topix LLC