First came Bidenomics. Now we look forward to T2 Tariffs. Looks like excessive inflation is about to be as normal as global warming. Except for a few folks. Who would that be? The 1 percenters? The Three Percenters? Nope, and nope.
It is far worse: it is public schools.
That's right, the folks that brought you school closings and a generational setback for the children of America hold themselves above inflation, and you. Georgia passed a statewide law, by referendum approved by the public, to limit property appraisal increases to the rate of inflation. This means that local governments, including public schools, would see their revenue increases limited to the general rate of inflation. Your average working stiff is not guaranteed a raise to cover inflation, but the schools are.
But that is not enough. The law offers taxing agencies a means to opt-out of these appraisal increase limits. They have to post public notice that they will do this which some might think would name and shame them. Some would be wrong as the folks running these systems have no shame. They are greed incarnate.
At it isn't as if their revenue is really capped at inflation. Not all properties are subjected to this limitation and those that are mark-to-market upon sale. But they will tolerate no restriction on their current or future revenue. They will claim they need the money to address the pandemic learning setbacks which were largely of their own making, and given free rein at the time they would have made it even worse. And no, they don't think you're stupid, they know you are. After all they probably educated you.
Just remember this the next time you vote for a school board member or an eSPLOST.
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