Local governments weigh major tax hikes to plug coronavirus-induced shortfalls

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State and local governments scrambling to raise money during the economic crisis caused by the coronavirus pandemic are looking to increased property taxes -- as well as wealth taxes and more -- to fill budget holes.

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” to help address budgetary problems that include a projected shortfall of nearly $700 million that she said could become even greater.

In Texas, Dallas lawmakers were considering a massive property tax hike of as much as 8 percent but needed the city council to pass a measure allowing them to increase rates by more than 3.5 percent. In May, the resolution failed after a 12-3 vote. Other areas are looking at different methods of increasing revenue, such as wealth taxes. A New York state senator from Queens said in May that “the only people who actually have money right now are billionaires,” and introduced aThat money would not be used for existing programs, however.

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We must have an increase to top marginal tax rates. We need Ike tax rates. When Republicans were sane.

Democrat mismanagement on display. They thought they could force Trump into giving them federal funds and keep their sanctuary city status but it's the American tax payer who'll foot the bill in the end.

Maybe start with the local governments officials first,tax them , see it make sense 😎

Think they will fix our bridges and roads finally? As they defund police?

Yeah. That's a winning plan. Idiots.

Tax hikes huh? and where are the people with no jobs, no places of business going to get this magical money to pay these increased taxes?

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