What about all those houses and other developments going up in Folsom Ranch, south of Highway 50 – where’s all that money going?

Most people aren’t aware the city only receives 20% of the property tax you pay to provide your essential local services. On a $900,000 home, the annual revenue from property tax for the city is $1800. At the same time, these new neighborhoods also need public services (law enforcement, fire protection, parks, etc.) and as a result residential development typically is “break-even.” Property tax revenue, and expenses, for development South of 50 has already been accounted for in the city’s financial projections and the result is a zero net effect. Thus it does not generate additional funds that can be used for needs north of 50.