The County Council is planning to vote on the Homestead Tax Credit Amendment this Tuesday after our 6pm rally at the Council Chambers. I have done some calculations to see the impact of this amendment.
I extrapolated future tax payments from citizens and businesses for the next 10 years growing at the current 9% and I compared it to the 5% rate proposed by the amendment.
The result is a $10M savings next year, $21M the next year, $35M the next year and in 2020, the cumulative savings will be close to $855 Million. Wow!
That is another $855,000,000 (eight hundred fifty million dollars) in the pockets of Harford County residents over the next decade.
It is very important that you join us as we rally to support the decision to pass this amendment on Tuesday July 14 at 6pm. If you can't make it, please visit our website and send a message to the council at the following link: Contact Council.
To see my work on the numbers, please try this link: http://spreadsheets.google.com/ccc?key=t3Qh9cKWoXcmvs_tNvYV7Lg
Or the attached files below.
Contact me with questions or corrections!
See you Tuesday evening!
