08
Sep
Olmos Park anticipates slight drop in property tax revenue
Like many cities dealing with lowered home values, Olmos Park will see a slight dip in property tax revenue as officials hammer out an operating budget for the coming fiscal year.
The decrease is somewhat negligible at .72 percent, from a taxable base totaling $522.2 million in 2009 to $518.4 million in 2010 from which property tax collection benefiting the fiscal year 2011 bottom line will be derived. (read more).
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