Home › Forums › Financial Markets/Economics › Another excellent Economist Mag article on the terrible state pension issues › Adjusted for population
Adjusted for population growth and inflation, San Diego county collects more property tax today than it did in 1977.
In 1977, San Diego county tax asset collections with $639 million. In 2012, San Deigo county property tax collections where $4.55 Billion.
In that time period, San Diego county population grew 85%. In that time period, inflation went up 253%.
Collectively, adjusting for population growth and inflation, you need to collection $6.53 in 2012 for every dollar in 1977.
San Diego is collecting $7.12…
You’re collecting more real dollar taxes per person after prop 13.
