Friday, April 20, 2007

County Funds Shrink

Less money for the County means less for the Parkway.

Maybe also time to implement a Joint Powers Authority and consider contracting with a nonprofit organization to provide daily management of the Parkway and the supplemental fund raising a nonprofit can do well.

Property tax falling for 50,000 Sacramento County homeowners
By Jim Wasserman - Bee Staff Writer
Published 12:00 am PDT Friday, April 20, 2007

A housing slump that has wiped out countless millions of dollars in Sacramento-area home equity is soon to give a few million back.

Letters to 50,000 Sacramento County homeowners are being mailed today announcing cuts of up to 10 percent in their fall property tax bills, said Sacramento County Assessor Kenneth Stieger.

The rollback will erase about $15 million in revenue for schools, the county of Sacramento, its seven cities and numerous special districts, Stieger said. It affects 12.8 percent of the county's 390,000 residential parcels.