Federale01 said:
So at this point, the ISDs basically budget for at least a ten percent increase a year? Otherwise, why should they worry so much that incoming funds would remain fairly stable?
Didn't the state pass a law last year capping them at 3.5% or something unless they go to the voters to explain why it needs to go up more? Would be difficult to plan for a 10% increase expecting the voters to agree each year.
If prop values are climbing at 10%, then the rate needs to drop to keep the increase at 3.5%.