Taxation Sensation Steve Brandt

Wedge LIVE!

We're talking property taxes with Steve Brandt, who is running for reelection to the Minneapolis Board of Estimate and Taxation. We talk about what's behind this year's large property tax increase and how declining commercial property values are shifting the burden to residential taxpayers. Steve suggests a small income tax on the city's highest earners and a geographic expansion of the downtown entertainment tax can pick up some of that added burden. He's also been pushing a proposal to change the city charter to add a third directly elected member of the BET (John argues this is just an opportunity for random crackpots to crash local government). And we talk about Steve's failed attempt in his first term to move some city borrowing up by one year to take advantage of low interest rates before they got hiked.

Also in this episode: Steve denies being a socialist or a member of the DSA. He says they never even asked him to join.

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