Re: “Tacoma streets need new revenue – responsibly spent” (editorial, 1-24).
The News Tribune should be honest enough to call “new revenue” what it really is: a tax increase.
Also be honest enough to tell readers the real truth about this proposal: Adding $1 per $1,000 assessed valuation would increase the Tacoma city property tax rate by 38 percent and increase the total combined property tax rate by 7 percent.
All other things being equal, this proposal would increase all homeowners’ and business owners’ property taxes by 7 percent. Renters should also expect a rent increase if this proposal is approved.