The Kronenwetter Bad Budget Con frontation
Kronenwetter Village treasurer John Jacobs seems to be everywhere this weekend making post after post after post, in a blizzard of false and/or misrepresented information, misdirection, and personal attacks. There is an apparent reason for that, which I'll get to later, but for now, let's get straight to some of the fallacies he has been presenting. I will have a separate article detailing a number of questionable items within in the budget itself, called "The Return of the Bad News Budget Bloaters". Misrepresented Information "Low Mil Rates" Jacobs talks about a "dropping tax mil rates" below 3%; he is even quoted in a news article about it. However, his comments are "based on 100% full market valuation", which is merely a theoretical estimate by the state of current value. Why is this number even mentioned, other than for the psychological effect that they "sound good"? The mil rates that he says are "dropping" ar...