A national reckoning with racism, combined with the economic damage wrought by the pandemic, is prompting some state and local officials to take a closer look at an issue that has long bedeviled Black homeowners: inflated property tax assessments.
Several recent studies and investigations show that, racially motivated or not, many tax assessors still routinely saddle Black and minority residents with property tax bills that are too high given the value of their homes.
Many things are taking place:
Increase car taxes to help climate, advisers say - BBC News
Car taxes should be increased to help fund the battle against climate change, government advisers say.
They say ministers should bring forward the date for ending sales of new conventional cars from 2035 to 2032.
The Committee on Climate Change (CCC) says the chancellor should also consider increasing the tax on gas for home heating.
It says the changes should be made as the UK looks to recover from the Covid-19 crisis by creating jobs.
IRS May Consider Delaying Tax Filing Deadline Again, Mnuchin Says
U.S. Treasury Secretary Steven Mnuchin said that his department may consider further extending the deadline for tax-filing, which had previously been moved from April 15 to July 15 due to the coronavirus pandemic, though there aren't any such plans as of now, Bloomberg News reported.
Mnuchin said that the extension made sense in March, "because we were absolutely worried about people who couldn't get to their accountants, couldn't get their information," but added that a majority of Americans have already filed their 2019 taxes.
Treasury may consider delaying Tax Day to Sept. 15, Mnuchin says
This tax season may look more like a tax year, as Treasury Secretary Steven Mnuchin weighs delaying the July 15 deadline once again.
"As of now, we're not intending on doing that, but it is something that we may consider," he said in a June 23 interview at the Bloomberg Invest Global 2020 virtual summit. He said he was considering another delay to Sept. 15.
Treasury has already pushed the April 15 deadline for federal income tax returns to July 15, giving individuals and professionals some relief as they grappled with coronavirus and stay-at-home orders in the spring.
In case you are keeping track:
Pennsbury Holds Line On Taxes - LevittownNow.com
The Pennsbury School Board voted virtually last Thursday to keep the tax rate steady and approve a $217.9 million spending plan. The tax rate will remain at 170.076 mills.
The budget expects $214.6 in revenues. To fill the gap, the district is planning to use a little more than $3.3 million from the existing $17.2 million fund balance.
With uncertainty due to COVID-19 and its impacts on the economy, the new budget, which starts July 1, keeps spending largely flat and only a .06 percent increase over the 2019-2020 spending plan, Pennsbury’s Chief Financial Officer Christopher Berdnik told the school board.
Tax Increases Would Be A Mistake – Los Alamos Reporter
New Mexico is facing a budget deficit due to the combined forces of Gov. Lujan Grisham's shut down of the New Mexico economy and reduced oil production. It is of the utmost importance that the Legislature not increase the economic pain by raising taxes.
Despite plummeting revenues, the Legislature STILL saw fit to increase spending this year. New Mexico is currently set to spend $7 billion, more than one billion dollars more than it will take from taxpayers: $5.9 billion.
Shaler Area School District holds line on taxes with 2020-21 budget | TribLIVE.com
Shaler Area School Board last week approved the district’s $90 million budget, green-lighting a slew of security projects that board members said target student safety.
Residents won’t see a tax hike in the 2020-21 school year, with the final budget maintaining the tax rate at 23.5 mills.
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“As a school board, we recognize the burden of a tax increase on our taxpayers, especially at this time,” board president Jim Tunstall said. “With this in mind, the district administration and department directors worked very hard to present a budget that included no tax increase but also maintained our educational programs and the safety and security of our buildings and facilities.”
School District of Lancaster raises taxes amid a $13M deficit | Local News | lancasteronline.com
What happened: Members approved a 2020-21 final $233 million budget that calls for a property tax increase of 1.87%.
Happening on Twitter
Gotta love all these empty gestures from banks like Chase on #BlackLivesMattters after they helped crash the global… https://t.co/DIGAjSWgdi JordanChariton (from New York, NY) Wed Jun 17 15:50:57 +0000 2020
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