Is one tax better than the other?

When looking at the graphs, there is an obvious line of who will pay more.

But is one tax better for the schools than the other?

Absolutely! FCASD currently collects 99% of the district's Property Taxes. If we switch to Earned Income, the district would certainly be unable to collect that same percentage. Not only would the district incur an increased cost to administer the tax, it will be more difficult to collect. The district only expects to collect @70% of an EIT the first year. Furthermore, Earned Income Tax is less stable than Property Tax. While the houses in this district offer stable income, wage earners can move out of the district taking their money with them.

Is one tax better for our property values than the other?

Again, YES!! Right now, the ability to say your house is located in the FCASD, is a huge selling point. In other words, people want to move into our district because our schools have such a great reputation. If the EIT is imposed here and it is voted down in neighboring districts, there might just be an exodus of our higher wage earners to those districts. No one wants to pay more in taxes. Keeping high wage earners in the district and ensuring our district is a desirable place to live is instrumental in keeping our property values high.