Ah, the beauty of running a rapidly-expanding city: You can charge less, yet still have much more money to spend.
At a study session last week, the Mesa City Council was delighted to hear residents will be paying more in taxes this year.
Why?
Because Mesa renters and home and business owners will be paying less than expected.
During a presentation last May, council was told the $100 million Mesa Moves transportation bond would show up as an added $28 on a median homeownerâs tax bill.
Now, five months after Mesa voters approved the bond, Council received an update.
The owner of a median home ($279,000 value) is now expected to pay only about $10 more in taxes compared to last year, thanks to all the new construction that has expanded the tax base, lower borrowing rates due to the cityâs AAA rating and other factors.