From:       robertkdean@cox.net     Subject:     Request typo correction in Legislative Agenda package...     Date:     September 12, 2006 11:09:32 AM EDT     To:       rhsmith@vbgov.com     Cc:       tdmoss@msn.com, jmcmullen@cavtel.net, and 5 more… To:  Ruth Smith - Virginia Beach City Clerk From:  Robert K. Dean - Communications Director Virginia Beach Taxpayer Alliance September 12, 2006 Dear Ruth: Understanding that your department doesn't create agenda items, I would still call you attention to an incorrect statement in todays (9/12/06) city council agenda, i.e. "Legislative Package." I have attached what I believe is an erroneous statement pertaining to the real estate tax rate reduction. As you can read below, it states that, "The City reduced the real estate tax rate by $1.22 to $.99 since 2005, thereby reducing the yield of the real estate tax by $103 million." If the statement were correct, the tax rate in 2005 would have been $2.21.  The statement should have read, "The City reduced the real estate tax rate by $.23 to $.99 since 2005." On the issue of the "lost" revenue amount of $103 million, could you please have someone explain the formula used over the last two years to arrive at that amount, i.e., one cent equals $X millions in 2005/5 and 2006/7. Thank you for your time and attention, With warmest regards, Robert