Well, the announcement has been made, as we've previously noted here.
https://community.secondlife.com/blogs/ ... purchases/
We're now going to have to decide how we'll deal with it. Your current Estate Owner lives in a state with 9% sales tax, and it's these factors which dictate that that is the tax which will be applied to our tier. Our current tier is US$1026/month. After March 31 it will become US$1117/month. On top of that, Linden Lab charges 3.5% simply to convert L$s into US$s. While they haven't said that they're going to actually tax that conversion, the fact remains that in order to GET the $1117 we need to pay the tier, we'll need to convert more L$s... and therefore pay more exchange rate $$s. Effectively, it's taxed too.
Sadly, while our community DOES have "money in the bank"... and effective reserves of about US$10,000:
https://docs.google.com/spreadsheets/d/ ... sp=sharing
we remain "break-even". At risk of irreparably harming our financial situation, we cannot simply do nothing and pay the increased amounts. So we must raise tier.
I propose that in response to this difficult situation, we raise tier across the board by 11%. Yes, a bit more that the sales tax being imposed, but when the impacts of increased conversion fees are factored in, and considering the precarious state our finances are in already, it may be the wisest thing to do.
Let's have a discussion here and in-world about the matter. It's my understanding that the Chancellor has the authority to direct that these changes be imposed, but I am sure that he'll want as much feedback and discussion as possible. Once that decision is made, we'll need to go through and change the tier on every tierbox... there is no way to do that in bulk. So let's have this unhappy discussion promptly and come to a decision that everyone in the community supports.
Sudane...................