Portsmouth seeks citizen input on revenue options
According to a post on the town web site, Portsmouth is soliciting resident input on ideas for revenue sources to offset the town's extensive reliance on property taxes. Here's the lead in from the quick, four-question survey.
Portsmouth is a great place to live, but our FY15 budget (7/1/14 – 6/30/15) is funded 85% by property taxes. Most other RI municipalities are at 75%, with 25% coming from fee-for-service revenues. Clearly, other revenue sources need to be explored, such as charging increased (or new) fees for certain services.We need new revenue solutions, as well as continuing the cost cutting measures already started, to keep our economic future bright.
How do user fees differ from a tax? There are two important distinctions. A fee approach provides residents an option to pay, or do without the service, while Increasing property taxes offers no option… lean times or good, you have to pay. Secondly, the cost of services are borne by the actual users, not subsidized by non-users.
This survey asks your opinion on some potential user fees under consideration.
If you have a few minutes, why not pop on over to the survey and offer your thoughts.