"Seniors main source of income is their Social Security. The five largest worries for seniors are housing, transportation, food, health care and taxes. Living in high-cost areas where school and infrastructure bonds are an open checkbook makes it impossible for seniors to keep their homes, let alone sell their homes in an unstable housing market. If families cannot afford housing, how can seniors with fixed incomes afford to thrive? They cannot."
"Just when I thought voters had put an end to Rishi Kumar's political career by overwhelmingly crushing his assessor campaign, it looks like he's bent on wasting everyone's time and money again. Kumar is still peddling his cockamamie plan to exempt senior citizens from paying property taxes. He is using what amounts to nothing more than a Trumpian style lie that senior homeowners are systematically being thrown into the streets because of property tax burdens. That's nonsense."
The proposal would exempt senior homeowners from property taxes to prevent displacement caused by rising state and local tax assessments and bond-funded spending. Seniors rely mainly on Social Security and face five primary concerns: housing, transportation, food, health care and taxes. High-cost regions with frequent school and infrastructure bond measures increase property assessments, making it difficult for seniors to maintain or sell homes in unstable markets. Supporters contend the plan will not bankrupt local governments and that fiscal responsibility requires ceasing use of seniors' property taxes for state and local programs. Critics argue the exemption is unfair because seniors benefit from local services and that claims of widespread displacement are exaggerated, urging rejection.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]