Tax Hike May Save Hundreds of Jobs
Dallas residents will be paying more in property taxes, but the city says the extra revenue will save hundreds of jobs. The city expects to see an extra $40 million from the recent increase of about a nickel per $100 in assessed valuation. Without the increase, the city was looking at eliminating nearly 450 positions. But with the extra revenue, City Hall says the cuts will amount to about 75 jobs, including about 30 employees who chose to take early retirement.