Town Wide Revaluations Are Very Costly (Post Date: August 30, 2023)…

 

The Lodi Mayor and Council delayed a county ordered Revaluation until after their Election.  Revaluations are very costly.  I can’t find any amount budgeted for Lodi’s ordered Revaluation in the recently adopted municipal budget:

https://drive.google.com/file/d/11FBYgGad1Su94DgovB9nNRMTV7Lw-cYX/view?usp=sharing

Past post on Lodi’s ordered Revaluation:

Lodi By The Numbers: The Lodi Mayor and Council Knew for Over a Year About a Reevaluation Order. They Hid it From the Public Because They Have No Money in Their Budget, Their Tax Maps are a Mess, and They Don’t Want Anyone to Know About Big Tax Increases Until After the May Election… (lodioverhaul.blogspot.com)

How much can Lodi borrow for expenses that are well known before budget adoptions?  Interest rates are very high.  Excessive borrowing to claim taxes didn't go up at Election time leaves Lodi with an artificial tax rate and a financial mess not far down the road.