Schundler’s Property Tax Revolution
Forget about the proposed constitutional convention. Instead, let's just amend the Constitution to mandate that government spending cannot increase above the cost of living.
He wants binding caps on state, county, municipal and school spending that can be only exceeded with voter approval. He also talks about returning more state dollars to towns to reduce the "percentage of school and municipal costs borne by local property taxpayers."
Schundler argues that if his plan were in place today, the average property tax bill would be 12 percent lower. And since his caps would be below the cost of living, he argues that property taxes would continue to fall. They may not get to zero, but Schundler said that under his plan it may reach a point where property taxes will be low enough to cease being an issue.