Some random thinking for this fine Wednesday morning:
Let's say LPS sticks with its current $1.05 tax rate. Considering how much property valuations went up this summer, that will mean a substantial rise in income for the district, and a hefty increase in property taxes for more Lincoln residents. It stands to reason that substantially higher property taxes would generate a lot of anger among Lincolnites, and LPS would burn a lot of good faith by not spending less.
But I wonder if, from the district's perspective, this isn't a very good time to tick off the taxpayers. The voters just approved a big bond issue back in February, so LPS probably won't be around to ask for more money for a couple years. By the time they return with another bond issue, its possible the voters will have cooled off enough to be willing to give the bond a fair shake.
Then again, Lincolnites can hold a grudge as well as anyone, and it may take more than just a couple years to restore faith in the district. Other bonds for local government would face the axe, too. And the current school board members would be on the hot seat the next time they're up for election.
I don't actually think LPS would do something like that, but it's kind of fun to think about the strategic implications of such a move. Me, I think the rate will end up around $1.03, and wherever it ends up this year it will be back to $1.05 within three years.
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