Greedy Governance is a Good Deal

The Eastman Assessment is a regressive tax. Simply put, those with the low value housing get penalized by having a fixed assessment amount.  Your greedy governance neighbors on the golf course and the lake think it is a great deal. That's because for their high-value residences they pay very little as a percent of those residence values when on the other hand a $150,000 condo pays significantly greater percent (2%) versus a $500,000 home (.6%)

While they smile and are "nice" to you they really are taking you to the financial cleaners. No, it doesn't stop with the regressive tax. Over the past five years almost 87 properties have been retired at $2000 per year in assessment monies - that's $174,000 per year for properties removed from Eastman assessment income. We have reduced our assessment income by almost $870,000 in the past five years and guess who makes up that shortfall??

In the same period about five (5) that's right five (5) total homes have been built. There is no demand at Eastman even though homes are being built in Enfield, Lebanon and Hanover. Maynard and Ken have sucked the financial life out of this community and because the golf/center evangelists think of nothing else they don't care.

Property values will continue to go down.  Assessments will continue to go up and those of you with the lower price residences will continue to pay the lion share of Eastman assessments cost because of governance incompetence and no accountability.

Sounds like a compromise to me. I just wonder when made Maynard and Ken will take up playing the fiddle?

 Submitted by Robert Logan who is the CEO of a consulting practice since 1993 which provides expertise on improved business, financial and operational performance as well as leadership.