Greenwich Democrats need to check their math

FI-Letter-to-the-EditorTo the Editor

Members of Greenwich’s Democratic Town Committee talk and write a lot about increasing the town’s budget and spending more money. What they don’t talk and write about is that low income homeowners suffer comparatively more from a mill rate increase than higher income homeowners.

And I always thought that Democrats were here to protect the “little guy” — their core constituency.

Let’s do the math: Homeowner Brown has income (AGI, line 37 on form 1040) of $50,000. He has a modest home assessed at $430,145 and with a mill rate of 11.624 (incl. sewer) pays $5,000 in property taxes. Homeowner Sullivan has income of $500,000 (not an unusual income in Greenwich), a nice property assessed at $1,290,434, and pays $15,000 in property taxes. For the Brown family the property tax is 10% of income, whereas for the Sullivan family it is only 3% of income.

Now because of high spending, as proposed by our town’s Democrats, the mill rate needs to be increased a total of 30% over two years (instead of 2.5% p.a. approx. 5% over two years) to 15.111. What happens to our families? For the Browns the property tax goes up to $6,500, i.e. 13% of income, and for the Sullivans it rises to $19,500 or 3.9% of income.

Who gets hurt more by the increase? If the trend in mill rate increases continues, the Browns will eventually have to sell their home. The DTC is pricing its own constituency out of the Greenwich property market and forcing them to leave town.

When will our Democratic Town Committee accept this mathematical fact?

 

Jean-Jacques Illi
Greenwich

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