Since we're out here, I'll bring up kind of a local concern that I continue to hear that I think, you know, ought to be taken a look at and studied is When you have a commodities based economy, especially oil and gas and all your property values continue to go up and up and up because we're getting good prices of oil, and then all of a sudden it goes down steeply. Well, sometimes the property taxes don't reflect quick enough to crash in the economy and it just makes it that much worse. And so if there's a way to smooth through that transition, you know, I think that's worth taking a look at and studying. Question right there. Hi, how are you? (47:58–48:15)
CLAIM
Asserts that property taxes in a commodities-based economy do not adjust quickly enough to economic downturns.
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