According to The Daily Local (
http://www.dailylocal.com/articles/2009/06/03/news/srv0000005493270.txt), the school district is proud that they are "only" increasing taxes by 1.7% this year and that it's the lowest increase in 25 years.
What I don't get is why they aren't going
down. CPI inflation has gone down from 2008 to 2009. I understand the school district's costs going up when there is positive inflation, but why in the world is it going up when there's negative inflation? It should be going down.
To compare buying power between years, see the U.S. Bureau of Labor and Statistics site at
http://www.bls.gov/data/inflation_calculator.htm. You'll see that $10,000 of buying power in 2008 now equals $9,904.18 which equates to negative inflation. In contrast, $10,000 of buying power in 2007 equaled $10,383.96 in 2008 which illustrates positive inflation (like every other year in the past 25 years).
I just don't get why the cost of everything has gone down from 2008 to 2009 except our school taxes.