“The Great Recession really hurt our property tax values … you need to understand property tax values can drop as fast as the market drops, but we can’t recover when the value of your home is going up, it takes a long time for that taxable value to go back up,” Bosworth explained. “The demand on our services hasn’t gone down, but the revenue has, when you adjust for inflation.”
Funding reform is a top legislative priority for MAC in 2017.
You can see Bosworth’s complete testimony here.
Bosworth’s presentation also can be found in the members section of MAC’s website.