May 6, 2010

Conveyance tax comes up short

The General Assembly, thank God, found time to debate whether schoolchildren should be able to opt out of frog dissections.
But it didn't manage to take up the issue of extending the conveyance tax.
That would mean about $500,000 less in revenue for the city of Bristol and a lot more in the 17 other towns that have the special extra tax when property changes hands.
There is apparently a good chance the conveyance tax issue will be taken up in special session by lawmakers, but you never know. And it's not clear when that might happen.
It could mean that Bristol will have to raise property taxes more or find other ways to cut its proposed budget.
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Copyright 2010. All rights reserved. Contact Steve Collins at scollins@bristolpress.com

11 comments:

Anonymous said...

Why is it whenever other revenue sources dry up, the taxpayer is held hostage? Fire $500,000 worth of teachers and the problem is solved!

snob power said...

why was it that the democrats controlled the legislature, both houses, and couldn't even remember to include such an important item of local concern for a vote. Unbelievable.
Hope that many of us voters don't forget that in november.

Anonymous said...

By Law, the tax is suppose to go away. Let it go, and spare those who loose their homes to forclosure or short sale the added burden of this unfair tax!

Anonymous said...

Idea for CITY COUNCIL. Go buy 50 MANNEQUINS BUY 50 POLICE UNIFORMS Buy 50 cell phones Buy 50 DUNKIN DONUT CUPS. Dress them up place them at construction sites and watch the savings roll in. After all the savings we could lower the taxes. Then next move School and Public works clean house. Then break the unions.

Anonymous said...

Bristol Politicans just blew there chances to be elected again with this Stiffer deal. whats up with that.

Mike Casey, REALTOR said...

The conveyance tax has been scheduled to sunset on June 30, 2010. ALL city leaders are aware that this tax was not a permanent tax and should NOT have been built into the year to year operating budget but should have been used for one time expenditures. The conveyance tax is an unfair regressive tax that singles out a small portion or society, those selling their homes. The burden and pain of a tax should be shared by all and not just a few who choose to sell their homes. Legislators need to let this tax sunset as scheduled and send a message to cities and towns that they too need to share the pain during these difficult fiscal times and cut spending BEFORE imposing any additional taxes.

Moving Forward NOT said...

Oh thank God this issue has flaired up. Art Ward didn't have anyone lined up to point his finger at next week.....this will do nicely.

Anonymous said...

Where are Art Mocabee, Robert Fiorito and their Republican cronies on this?

Anonymous said...

Out BUYING the police gear for the dummies for next months construction jobs.

Anonymous said...

Moving Forward NOT:

Actually, you're the one who seems obsessed with finger pointing, but I'll bet there are lots of people who'd like to point a finger in your direction. Can you guess which one???

Anonymous said...

12:13

I know, it is your IQ finger!