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Voters considering the UNM-LA operating mil levy and LA Public Schools (LAPS) bond renewal should be aware of a potentially important county council action that may lower the county portion of our property taxes.
On Nov. 14 last year, Council voted to “reduce spending and property taxes by $1.5 million per year for each of the next three years.” The vote occurred in a Council strategic planning meeting in its chambers that Saturday morning. No reporters attended. $1.5 million in county government spending represents very roughly two mils on property tax rates or about $200 on a $300,000 home.
If the county maintains this new policy direction, the county portion of average property tax rates would be reduced by roughly that two mils starting with this coming November’s bills, four mils in 2011, and six mils in 2012.
This reduction could make the currently proposed UNM-LA increase of 2 mils and the continuation of LAPS’s current 3.246 mil levy easier for taxpayers to support.
The vote was a narrow 4-3. Councilors Phelps, Chiravelle, and Wismer joined me in the majority. Councilors Wheeler, Stover, and Bowman voted against.
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