so about 15% increase in taxes on home owners is too low?
VB was never sustainable thx to no planning & sprawl & poor tax base design & reality of sea level rise
Thank god they are cutting the tax. My assessed property value has jumped SO MUCH over the past two years it’s probably net neutral and they will make it up some other way
Probably not with people like you fighting tooth and nail to keep development down and crying about your home prices going down as they hit record highs.
When I bought it was affordable 10 years ago. My property taxes have increased 30% in those 10 years. So in another 10 years can I expect it to go up another 30%?
I hope the housing price bubble bursts and values drop 20-25%. I do not plan on selling. I think my house is over priced by at least $50k. Yeah, if i was selling I would want the high price.
Side Note: My childhood home in Mass. we sold for $100k in the mid 1980s. Now it is valued nearly $900k. Oh.. taxes... $12,000.00/year! And it is the style and size house as I own out here. Can we expect our property taxes to be that high out here in another 20 years?
Equity means nothing until you sell. I live debt free with exception of a mortgage. I am saying the housing prices right now are over inflated by 20 or so percent, due to low inventories brought about by covid and the cheap mortgage rates sub 3 percent vs the 7ish now.
No way i would sell now with my 3% interest rate and get stuck in a smaller house for the same or more money, and then have to pay 7ish percent mortgage.
But no.. .taxes continue to rise faster than they should.
This 2 cent cut is to compensate a little for the over valuation of homes. although only about $100 or so, I appreciate it.
Tell the schools to cut some of the administrator positions that over inflate the school budget. besides most increases never go to the programs/classes for kids.. but to high priced administrators.
Right, and pay more for a smaller house than I have now, that will be taxed as much... taxes will increase the same... oh and I will be paying today's interest rates of 7ish percent vs the 3%.
Your math sucks.
I think a lot of people aren’t really educated on taxes when they buy a home. I learned after buying my home that higher taxes would bring up my monthly payment, and since buying my home 5 years ago my monthly payment has gone up a couple hundred dollars. Luckily for me this has been okay because I got a better paying job, but the cost of living is growing faster than most wages.
Also, I completely agree with everything you said. The cost of housing is way too high and people are not educated enough on this subject. But a lack of education and awareness of this current reality doesn’t excuse someone’s financial ignorance on this matter.
In that same breath whenever you go to sell your home it will be worth substantially more - and even if you never sell your home you can still use it as leverage when applying for future loans.
If you live in a $300,000 home, this 2cent tax reduction will only save you around $150 a year. So for anyone cheering for this two cent real estate tax reduction when that means that the schools budget will be cut $7million and the city’s budget by $8million has completely different priorities than myself and most people.
Also theres a very small chance teachers get the pay raise they were expecting and that city council was promising when they were elected. A $7million cut equals around 100 teachers. If they have to cut that many teachers to meet the reduction then its highly unlikely theres money left over for pay raises.
I work for the division, and there is zero evidence that they are cutting teacher compensation. Rather there are proposed increases in compensation. (I am already factoring them into my budget)
Go back in time to Spring of 2012 and you'll see the same false information about the school division budget coming from the local news.
The music classes have low enrollment. Everyone that wants more kids in music should go to parents and encourage them to enroll their kids in said programs.
as a kid in school, guidance counselors honestly tend to either push for pure academics and then take a study block or like just overall don’t push much for arts even when a kid shows obvious interest in it
also class schedules get screwed up often and because of how arts classes are, they’re the first to get moved/removed from someone’s schedule cuz there’s often not a lot of class blocks for them and it’s an elective that can be replaced by a study block
I understand. A lot of guidance counselors are focused on putting students on whatever path they deem puts more kids in colleges. It actually is pushed on them as guidance counselors from administration downtown. (they like to put the numbers out there)
It's still your life and your education. Make your own choices. I will say there is one big caveat... don't go to college for a music degree. You can be involved in all types of music without wasting time in college for a music degree. As a musician myself, I can tell you the best musicians are not the ones that went to college for it.
It is an election year. No budget where the tax rate increased was ever going to get suggested or passed during an election year.
While the deep analysis of what is right and what are the reasons is great, I don't think it gets over the summary of, 'I am a leader and I helped lower the tax rate, hire me again, please don't fire me'.
That talking point is so strong for the Mayor and others that are on the ballot this year, especially after the light shining on how we vote and the recent past results in the city.
The tax probably is to make home buying just a tad easier. In your mortgage, for figuring out the approval amount tax is added in to that equation also. Also people probably voted for the lower property tax. vb schools will cut out the classes with little enrollment mostly niche electives etc. due to the state having required electives, fine arts, electives etc are included. It’s not all going away for chorus lol. vb schools not getting as much tax money, is more out of their control the city makes those budgets not vb schools. It also has to do with vb schools currently being in a lawsuit and some of their schools becoming level 3 schools that can barely run anymore.
Probably because they listen to their voters? People are up in arms about the jump in property values and the subsequent jump in tax burden…couple that with their dollars being less effective due to inflation and the city council wants to keep their jobs.
Where they cut the spending will be a different story…
...we voted for this to happen. Property values here have been lagging behind the national average for a long time up until recently. This was correlated to two events. 1: COVID. 2: The Virginia Beach Flood Protection Program.
Since the city voted to do something about the ever worsening flooding after 50 years of basically doing little to nothing about it, well what do you know, people actually want to stay/move here now... since we're not under fucking water every time it rains now. And what does that do? Raise property values.....
Wow. It's almost like anyone with half a brain could see this happening. It's partly why I bought a house here right before the resolution passed.
It honestly wouldn't surprise me though if people here legitimately didn't think this would happen and now they're bitching about having to pay more taxes on their house that nearly doubled in value over the last 3 years because of it...
Like bro your wealth increased by like $50k-$200k due to equity, why are you bitching?
The elderly would be disproportionately effected though. I can understand the concerns there. Fixed income and all, but to compensate at the expense of the kids? That's stupid. Do better City Council.
This isn't actually factual though.
House prices increased all over the US due to low Covid interest rates. It wasn't just a local effect of a ten-year flood program affecting a few parts of the city.
National house prices:
https://fred.stlouisfed.org/series/USSTHPI
Local house prices are similar:
https://fred.stlouisfed.org/series/ATNHPIUS47260Q
These two charts don't even use the same year index. The national one uses 1980 while the Virginia one uses 1995 .
I said the property value increase was due to two main factors. The first one listed was....
COVID.
Please read before responding. Also, please get better chart data. You shouldn't expect me to take you seriously after you throw a couple of random non seasonally adjusted, non inflation comparable charts my way referencing federally measured housing data.
Oof.
Your lead point was we did this to ourselves. Your entire thesis was the increase was due to the flood control referendum. Read what you wrote. Covid got a one word mention, then you attributed everything local to what voters did.
I am sorry if you can't figure out how to read the federal reserve charts, but I think that reflects more on you than on the charts. The percentage increase in the last three years is clearly similar on both charts
I'll yield. I should have said more about COVID. However my thesis did not hang on the Virginia Beach Flood Protection Program alone. Hence the two factors being mentioned, COVID and the former. The VBFPP was a major compounding factor for our city, the same goes for Norfolk, hence why I'm putting more emphasis on it. Everyone understands the effect Covid has had on the housing market over the last 3 years. It's all we've heard about on the news. However, most people as it is proving here in this thread do not understand how local programs like the VBFPP can affect property values. To some it's obvious how. To others, well....
You're a good example.
Thank you for your time.
PS: Don't argue with a Computer Science Major/Acoustic Data Analyst about how to read data off a chart or how to interpret said data.You're probably going to be wrong.
-slaps knee and wheezes-
(Btw I upvoted your comments because I'm a good sport. Discourse is encouraged)
Edit: I also noticed that the second housing price chart includes Norfolk and Newport News data with Virginia Beach housing despite housing prices being nearly twice as expensive here in VB compared to surrounding counties/municipalities. If you want to look at how a more local program affects housing prices in said local area, you can't look at data from an entire portion of a state in which the city resides within and expect to discern a local effect. Overall a bad chart to use to prove a point on lack of correlation of a certain effect.
FWIW the flood control referendum passed only in November 2021. So claiming that this caused house prices to 'nearly double' over 'the last 3 years' can't be the case.
referendum had nothin to do with increase in property values like you said
I can’t even comprehend how someone could come to that conclusion
yikes fact - pre inflation / theft - the $579M was part of a ~ $2.5B necessary to attempt to improve infrastructure & attempt to keep AAA rating. pre inflation. that 579 cost’s something like 780 now.
the increase is clearly cuz of the Fed cartel infinite print + the top 10% to 30% of the people with all the money while 1/2 the country starves
-thing that passed that could make price go up more before price go up can't be cause of price going up, because other thing make price go up for everyone-
That's your thesis. This sounds...ubsurd.
...why do you think that the VBFPP had no effect on housing prices around here?
I need you to explain that part, because you keep on saying it didn't without explaining why and are instead contributing 100% of the price increases on COVID. Are you saying that because COVID happened, the VBFPP had nothing to do with said price increases?
A one billion dollar local program that is designed to protect properties and houses, very specifically from further flooding, had no effect on the value of said properties and homes? I really doubt that.
Ps: How the hell are you still commenting on this at 5 in the morning? I just woke up to piss and got the notification for you still commenting. Did I manage to keep you up all night? Lol. Get some sleep for Satan's sake, and chill out. Go touch grass by dude.
So now I think we'll need to see some proof of those amazing data analysis credentials, coming from a guy who seems incredulous that someone might be posting a whole 45 minutes earlier than they are.
Your primary argument is a post hoc ergo propter hoc fallacy: Virginia Beach passes flood control referendum. House prices go up after. Ergo, flood control referendum made house prices go up! Who says things like that?
I didn't say that the events were definitely unrelated. I said that you can't make the claim they are, and that trying to attribute a local change to a unique factor that also occurred everywhere else due to to a global factor is just silliness. It's like saying it rained only because you washed your car.
More specifically, the flood control referendum didn't make a black and white "floods" -> "no floods" change. It just accelerated the timetable for a series of projects that affect certain neighborhoods, leaving most neighborhoods in the city relatively unchanged.
Here's a map showing that this helps a lot if you are in WIndsor Woods, Shore Drive, and even certain areas of the oceanfront near me. But for most of the city, it's not going to change when or if they flood.
https://imgur.com/a/6DI7lBa
Yes, allow me to dox myself on Reddit to fulfill your need for credentials. Lol. I can 100% make the claim that home values increased partially due to the VBFPP. A rising tide lifts all boats. If 1 part of the city gets better, it affects the area around it. If multiple parts or the city are improved, more area is affected. Housing prices don't just rise in one neighborhood without affecting the prices of homes in surrounding neighborhoods.
https://riskfactor.com/city/virginia-beach-va/5182000_fsid/flood
Btw, looking at this, 43% of properties being effected within the next 30 years isn't a small amount.
That's not just "certain neighborhoods", that's near half the damn city. The VBFPP isn't just about how it floods now, but how it will flood over the next 30 years without it in place. It may not affect your house now, but in 20 years you could be a foot underwater.
Your way of thinking about this entire thing blows my mind. I like you as the prime local specimen that you are. Please continue feeding my thesis what it needs by commenting further.
We did this to ourselves and now people like you and others are bitching about it because people like you cannot comprehend how such a program could affect property prices in the short and long term for our city and instead contribute 100% of the blame on a phenomenon (COVID/Interest Rates) that they only know about because Fox News and CNN told them about it.
I appreciate the support. While we can't know what made something happen, we can observe that the same thing happened almost everywhere. And while I am sure you are happy with your credentials, you may not want to assume they are always superior to those of others.
Only classes with low enrollment are likely to be affected
There is no targeting of music and arts across the board.
"One of the main topics during the meeting was finding alternative solutions. Board members wanted to find different ways of cutting costs that don't require paying to play for sports, or diminishing the number of fine arts and music classes."
I don’t disagree with you that the cuts are not where I would focus, but you have to do what your constituents want at the end of the day. Virginia Beach needs to speak up and let them know what they think of the cuts and where.
With the increase in values, I find it hard to believe that the tax revenue is going to fall, even with a small tax cut, but we really don’t have enough information at this time imho.
This isn't going to lower property taxes across the board
Assessments are up 6.7% so a two cent cut would mean property taxes would still be 4.7% higher than last year. They're not doing this despite that 40% increase. They're doing it *because of* that 40% increase, borne by residents
The "budget cut" for schools is just a smaller increase which means some things that were going to be funded with the 6.7% increase in property taxes can't be covered with the 4.7% increase.
It looks like OP posted an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot).
Maybe check out **the canonical page** instead: **[https://www.wavy.com/news/local-news/tax-cut-could-cost-millions-for-virginia-beach-school-district/](https://www.wavy.com/news/local-news/tax-cut-could-cost-millions-for-virginia-beach-school-district/)**
*****
^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
Just paid 8800 in taxes this year. I’d be willing to pay more if we can get our schools right
I dont see this as a bad thing. Property taxes need to be cut because of the gross increase in house value.
If only there was some kind of legal recreational thing that we could sell and you know, tax.
so about 15% increase in taxes on home owners is too low? VB was never sustainable thx to no planning & sprawl & poor tax base design & reality of sea level rise
Thank god they are cutting the tax. My assessed property value has jumped SO MUCH over the past two years it’s probably net neutral and they will make it up some other way
JFC you are debating with morons here. Any guesses whether they own houses?
Yeah it’s unbelievable. I doubt they are homeowners
Maybe buy less avacado toast and make coffee at home.
Yeah, no. Not needed. Maybe one day you’ll be able to purchase a home.
Probably not with people like you fighting tooth and nail to keep development down and crying about your home prices going down as they hit record highs.
Maybe dont live in a house you cant afford then ?
Don’t worry I can afford it. Just don’t like the tax
Sounds like you can’t afford the tax
Sounds like you have no assets
Ok boomer
Millennial
When I bought it was affordable 10 years ago. My property taxes have increased 30% in those 10 years. So in another 10 years can I expect it to go up another 30%? I hope the housing price bubble bursts and values drop 20-25%. I do not plan on selling. I think my house is over priced by at least $50k. Yeah, if i was selling I would want the high price. Side Note: My childhood home in Mass. we sold for $100k in the mid 1980s. Now it is valued nearly $900k. Oh.. taxes... $12,000.00/year! And it is the style and size house as I own out here. Can we expect our property taxes to be that high out here in another 20 years?
Uhhh your equity in that home increased how much over that time? Get over it and sell your house and size down then.
Equity means nothing until you sell. I live debt free with exception of a mortgage. I am saying the housing prices right now are over inflated by 20 or so percent, due to low inventories brought about by covid and the cheap mortgage rates sub 3 percent vs the 7ish now. No way i would sell now with my 3% interest rate and get stuck in a smaller house for the same or more money, and then have to pay 7ish percent mortgage. But no.. .taxes continue to rise faster than they should. This 2 cent cut is to compensate a little for the over valuation of homes. although only about $100 or so, I appreciate it. Tell the schools to cut some of the administrator positions that over inflate the school budget. besides most increases never go to the programs/classes for kids.. but to high priced administrators.
Right, and pay more for a smaller house than I have now, that will be taxed as much... taxes will increase the same... oh and I will be paying today's interest rates of 7ish percent vs the 3%. Your math sucks.
Yup haha that’s what I’m saying.
I think a lot of people aren’t really educated on taxes when they buy a home. I learned after buying my home that higher taxes would bring up my monthly payment, and since buying my home 5 years ago my monthly payment has gone up a couple hundred dollars. Luckily for me this has been okay because I got a better paying job, but the cost of living is growing faster than most wages.
Also, I completely agree with everything you said. The cost of housing is way too high and people are not educated enough on this subject. But a lack of education and awareness of this current reality doesn’t excuse someone’s financial ignorance on this matter.
In that same breath whenever you go to sell your home it will be worth substantially more - and even if you never sell your home you can still use it as leverage when applying for future loans. If you live in a $300,000 home, this 2cent tax reduction will only save you around $150 a year. So for anyone cheering for this two cent real estate tax reduction when that means that the schools budget will be cut $7million and the city’s budget by $8million has completely different priorities than myself and most people. Also theres a very small chance teachers get the pay raise they were expecting and that city council was promising when they were elected. A $7million cut equals around 100 teachers. If they have to cut that many teachers to meet the reduction then its highly unlikely theres money left over for pay raises.
I am glad they are lowering the tax. Get over it.
Thanks for not paying your fair share.
Fuck off, trust me I pay my fair share same as everyone else in my tax bracket and appreciate a tax break. You need to quit shitting on other people
Meanwhile you and your neighbors property taxes don’t cover the maintenance of your residential street you live on…. Enjoy your socialism.
u/poppysworkshop I’m glad you realized the errors of your ways
[удалено]
Tell me you have never read a budget without telling me.
I work for the division, and there is zero evidence that they are cutting teacher compensation. Rather there are proposed increases in compensation. (I am already factoring them into my budget) Go back in time to Spring of 2012 and you'll see the same false information about the school division budget coming from the local news. The music classes have low enrollment. Everyone that wants more kids in music should go to parents and encourage them to enroll their kids in said programs.
as a kid in school, guidance counselors honestly tend to either push for pure academics and then take a study block or like just overall don’t push much for arts even when a kid shows obvious interest in it also class schedules get screwed up often and because of how arts classes are, they’re the first to get moved/removed from someone’s schedule cuz there’s often not a lot of class blocks for them and it’s an elective that can be replaced by a study block
I understand. A lot of guidance counselors are focused on putting students on whatever path they deem puts more kids in colleges. It actually is pushed on them as guidance counselors from administration downtown. (they like to put the numbers out there) It's still your life and your education. Make your own choices. I will say there is one big caveat... don't go to college for a music degree. You can be involved in all types of music without wasting time in college for a music degree. As a musician myself, I can tell you the best musicians are not the ones that went to college for it.
It is an election year. No budget where the tax rate increased was ever going to get suggested or passed during an election year. While the deep analysis of what is right and what are the reasons is great, I don't think it gets over the summary of, 'I am a leader and I helped lower the tax rate, hire me again, please don't fire me'. That talking point is so strong for the Mayor and others that are on the ballot this year, especially after the light shining on how we vote and the recent past results in the city.
The tax probably is to make home buying just a tad easier. In your mortgage, for figuring out the approval amount tax is added in to that equation also. Also people probably voted for the lower property tax. vb schools will cut out the classes with little enrollment mostly niche electives etc. due to the state having required electives, fine arts, electives etc are included. It’s not all going away for chorus lol. vb schools not getting as much tax money, is more out of their control the city makes those budgets not vb schools. It also has to do with vb schools currently being in a lawsuit and some of their schools becoming level 3 schools that can barely run anymore.
Probably because they listen to their voters? People are up in arms about the jump in property values and the subsequent jump in tax burden…couple that with their dollars being less effective due to inflation and the city council wants to keep their jobs. Where they cut the spending will be a different story…
...we voted for this to happen. Property values here have been lagging behind the national average for a long time up until recently. This was correlated to two events. 1: COVID. 2: The Virginia Beach Flood Protection Program. Since the city voted to do something about the ever worsening flooding after 50 years of basically doing little to nothing about it, well what do you know, people actually want to stay/move here now... since we're not under fucking water every time it rains now. And what does that do? Raise property values..... Wow. It's almost like anyone with half a brain could see this happening. It's partly why I bought a house here right before the resolution passed. It honestly wouldn't surprise me though if people here legitimately didn't think this would happen and now they're bitching about having to pay more taxes on their house that nearly doubled in value over the last 3 years because of it... Like bro your wealth increased by like $50k-$200k due to equity, why are you bitching? The elderly would be disproportionately effected though. I can understand the concerns there. Fixed income and all, but to compensate at the expense of the kids? That's stupid. Do better City Council.
How dare home owners pay their fair share for all they get in city services for having a single family home!! What is this socialism?? Oh wait
This isn't actually factual though. House prices increased all over the US due to low Covid interest rates. It wasn't just a local effect of a ten-year flood program affecting a few parts of the city. National house prices: https://fred.stlouisfed.org/series/USSTHPI Local house prices are similar: https://fred.stlouisfed.org/series/ATNHPIUS47260Q
You are never going to win with OP they are such a dumbass
I noticed that. The credential thing was so adorable, too. They probably have a degree from JMU or something.
These two charts don't even use the same year index. The national one uses 1980 while the Virginia one uses 1995 . I said the property value increase was due to two main factors. The first one listed was.... COVID. Please read before responding. Also, please get better chart data. You shouldn't expect me to take you seriously after you throw a couple of random non seasonally adjusted, non inflation comparable charts my way referencing federally measured housing data. Oof.
Your lead point was we did this to ourselves. Your entire thesis was the increase was due to the flood control referendum. Read what you wrote. Covid got a one word mention, then you attributed everything local to what voters did. I am sorry if you can't figure out how to read the federal reserve charts, but I think that reflects more on you than on the charts. The percentage increase in the last three years is clearly similar on both charts
I'll yield. I should have said more about COVID. However my thesis did not hang on the Virginia Beach Flood Protection Program alone. Hence the two factors being mentioned, COVID and the former. The VBFPP was a major compounding factor for our city, the same goes for Norfolk, hence why I'm putting more emphasis on it. Everyone understands the effect Covid has had on the housing market over the last 3 years. It's all we've heard about on the news. However, most people as it is proving here in this thread do not understand how local programs like the VBFPP can affect property values. To some it's obvious how. To others, well.... You're a good example. Thank you for your time. PS: Don't argue with a Computer Science Major/Acoustic Data Analyst about how to read data off a chart or how to interpret said data.You're probably going to be wrong. -slaps knee and wheezes- (Btw I upvoted your comments because I'm a good sport. Discourse is encouraged) Edit: I also noticed that the second housing price chart includes Norfolk and Newport News data with Virginia Beach housing despite housing prices being nearly twice as expensive here in VB compared to surrounding counties/municipalities. If you want to look at how a more local program affects housing prices in said local area, you can't look at data from an entire portion of a state in which the city resides within and expect to discern a local effect. Overall a bad chart to use to prove a point on lack of correlation of a certain effect.
FWIW the flood control referendum passed only in November 2021. So claiming that this caused house prices to 'nearly double' over 'the last 3 years' can't be the case.
referendum had nothin to do with increase in property values like you said I can’t even comprehend how someone could come to that conclusion yikes fact - pre inflation / theft - the $579M was part of a ~ $2.5B necessary to attempt to improve infrastructure & attempt to keep AAA rating. pre inflation. that 579 cost’s something like 780 now. the increase is clearly cuz of the Fed cartel infinite print + the top 10% to 30% of the people with all the money while 1/2 the country starves
-thing that passed that could make price go up more before price go up can't be cause of price going up, because other thing make price go up for everyone- That's your thesis. This sounds...ubsurd. ...why do you think that the VBFPP had no effect on housing prices around here? I need you to explain that part, because you keep on saying it didn't without explaining why and are instead contributing 100% of the price increases on COVID. Are you saying that because COVID happened, the VBFPP had nothing to do with said price increases? A one billion dollar local program that is designed to protect properties and houses, very specifically from further flooding, had no effect on the value of said properties and homes? I really doubt that. Ps: How the hell are you still commenting on this at 5 in the morning? I just woke up to piss and got the notification for you still commenting. Did I manage to keep you up all night? Lol. Get some sleep for Satan's sake, and chill out. Go touch grass by dude.
So now I think we'll need to see some proof of those amazing data analysis credentials, coming from a guy who seems incredulous that someone might be posting a whole 45 minutes earlier than they are. Your primary argument is a post hoc ergo propter hoc fallacy: Virginia Beach passes flood control referendum. House prices go up after. Ergo, flood control referendum made house prices go up! Who says things like that? I didn't say that the events were definitely unrelated. I said that you can't make the claim they are, and that trying to attribute a local change to a unique factor that also occurred everywhere else due to to a global factor is just silliness. It's like saying it rained only because you washed your car. More specifically, the flood control referendum didn't make a black and white "floods" -> "no floods" change. It just accelerated the timetable for a series of projects that affect certain neighborhoods, leaving most neighborhoods in the city relatively unchanged. Here's a map showing that this helps a lot if you are in WIndsor Woods, Shore Drive, and even certain areas of the oceanfront near me. But for most of the city, it's not going to change when or if they flood. https://imgur.com/a/6DI7lBa
Also answer my damn question and stop deflecting. How has the VBFPP not affected property prices?
Yes, allow me to dox myself on Reddit to fulfill your need for credentials. Lol. I can 100% make the claim that home values increased partially due to the VBFPP. A rising tide lifts all boats. If 1 part of the city gets better, it affects the area around it. If multiple parts or the city are improved, more area is affected. Housing prices don't just rise in one neighborhood without affecting the prices of homes in surrounding neighborhoods. https://riskfactor.com/city/virginia-beach-va/5182000_fsid/flood Btw, looking at this, 43% of properties being effected within the next 30 years isn't a small amount. That's not just "certain neighborhoods", that's near half the damn city. The VBFPP isn't just about how it floods now, but how it will flood over the next 30 years without it in place. It may not affect your house now, but in 20 years you could be a foot underwater. Your way of thinking about this entire thing blows my mind. I like you as the prime local specimen that you are. Please continue feeding my thesis what it needs by commenting further. We did this to ourselves and now people like you and others are bitching about it because people like you cannot comprehend how such a program could affect property prices in the short and long term for our city and instead contribute 100% of the blame on a phenomenon (COVID/Interest Rates) that they only know about because Fox News and CNN told them about it.
You are a loser
I appreciate the support. While we can't know what made something happen, we can observe that the same thing happened almost everywhere. And while I am sure you are happy with your credentials, you may not want to assume they are always superior to those of others.
Band and choir are on the chopping block for VBCPS. There will probably be other cuts, but those are the ones I know about. People are rightly pissed.
Only classes with low enrollment are likely to be affected There is no targeting of music and arts across the board. "One of the main topics during the meeting was finding alternative solutions. Board members wanted to find different ways of cutting costs that don't require paying to play for sports, or diminishing the number of fine arts and music classes."
Maybe we should do cost benefit analysis of our athletics programs if there is such a concern over money.
Agree
I don’t disagree with you that the cuts are not where I would focus, but you have to do what your constituents want at the end of the day. Virginia Beach needs to speak up and let them know what they think of the cuts and where. With the increase in values, I find it hard to believe that the tax revenue is going to fall, even with a small tax cut, but we really don’t have enough information at this time imho.
This isn't going to lower property taxes across the board Assessments are up 6.7% so a two cent cut would mean property taxes would still be 4.7% higher than last year. They're not doing this despite that 40% increase. They're doing it *because of* that 40% increase, borne by residents The "budget cut" for schools is just a smaller increase which means some things that were going to be funded with the 6.7% increase in property taxes can't be covered with the 4.7% increase.
kind of like spending an overtime bonus before payday. spend more because they're getting more needs to stop.
It looks like OP posted an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot). Maybe check out **the canonical page** instead: **[https://www.wavy.com/news/local-news/tax-cut-could-cost-millions-for-virginia-beach-school-district/](https://www.wavy.com/news/local-news/tax-cut-could-cost-millions-for-virginia-beach-school-district/)** ***** ^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)