The Sacramento County Assessor's office has come up with a
value for the county's properties and the result is not good for
the county's general fund. Property values dropped by four
billion dollars from last year. That means the amount of
property tax collected should be about 40 million less than last
year and the general fund will be short another 6 and a half
million. The county already dealt with a 69
million dollar shortfall this year. A spokeswoman for the
county tells Capital Public Radio News that county staff will look
at other sources of income to see if they might make up for the
drop in property tax revenue and then they will know if more cuts
need to be made.
- News Station
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- NEWS 90.9 KXJZ Sacramento
- 90.5 KKTO Tahoe/Reno
- 91.3 KUOP Stockton
- 88.1 KQNC Quincy
- MUSIC 88.9 KXPR Sacramento
- 91.7 KXSR Groveland/Sonora
- 88.7 KXJS Sutter/Yuba City
Property Tax Revenues to Drop in Sacramento
-
By
Bob Moffitt

gray malkn via Flickr
When property values drop, tax revenues drop, and programs may be cut.
Tuesday, July 5, 2011