Economics is a science; its laws are like those of physics–immutable. Attempts by policymakers to circumvent these laws always result in unintended consequences.
Local Government
Small Towns, Big Tax Increases
The city of Whitesboro ignited a firestorm recently when officials suggested adopting a tax rate that would have skyrocketed the average homeowner’s property tax bill by 61 percent. The initial public hearing to discuss the matter drew hordes of angry Whitesboro residents who voiced their discontent. So much so, in fact, that city councilmembers tabled...
September 17, 2025