[A]bout $1.6 billion in property taxes would be shifted to state sales and income taxes, which he said would have to be increased by 1 percentage point each: The income tax would grow from 3.4 percent to 4.4 percent, and the sales tax from 6 percent to 7 percent.
Another $300 million would come from increased business taxes, and $400 million in local expenses would be transferred to the state. Orentlicher said the state could cover that amount with its surplus and money from casino licensing fees.
Orentlicher's plan would definitely provide immediate and much-needed tax relief to property owners. The problem with the plan is that it has been tried in the past without long-term success. By merely shifting taxes to the income and sales tax without permanently limiting future property tax increases, the net result is that new government spending will eventually be fueled by future property tax growth. It's the nature of the beast.