My only problem with the analysis is that it gives one the picture that property tax caps are to blame for the budget woes facing our local governments. These news reports always ignore the fact that TIF districts approved by the City-County Council and backed by Mayor Ballard have decimated the property tax base that is relied upon to fund basic government services by about 15%. That doesn't include the hundreds of millions of dollars in property tax revenues lost from generous property tax abatements that are handed out by the administration like candy to businesses and developers in exchange for campaign contributions. The mayor and council members operate under the false belief that the TIF districts and abatements have no impact on the bottom line, presumably believing their press releases that their actions create economic growth that expand the tax base. If that were true, then why is it always necessary for them to look for a way to raise taxes on the rest of us who don't receive their tax breaks?