New Beeton arena with a significant property tax hike for it alone
Asked by Anonymous · a month ago
Would you support a new Beeton arena, even though it will lead to an approximately 5% property tax for this project alone?
Peter Barbati's answer
I believe Beeton is due for an expansion of facilities, but we have to re-examine the finances to minimize the tax burden. I believe we can achieve a facility build-out and enhancement without the projected (and almost always underestimated) budget of $44-$46M.
Our cumulative tax increase from 2022 is approximately 27%**
Adding 5%*** for the facility and then adding the usual tax increase due to inflation, etc. will result in a total tax increase beyond 5%. Many residents are unhappy with the constant tax increases.
**Adding the individual yearly tax increases.
***Although it's stated in the proposal that a 5% tax increase would be required, there is no stated clarity on the projected tax increase due to other factors, ands as such we can't know the total tax impact from 2026-7 and beyond.
