Property tax owners will pay the bill for the pandemic lockdown that slashed business taxable revenue in 2020 and will continue to do so for the foreseeable future.
"Like most things in 2020, the primary driver behind the hike gets back to the pandemic, which has rocked the economy. A lack of spending at local stores, restaurants, and hotels means an estimated $40 million shortfall in the education fund. The forecast is one of the largest single-year increases in the average homestead rate in the last decade."
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