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> decline in property tax revenue

Wait property tax is a percentage of assessed value - not a fixed amount. Property tax revenue has increased pretty reliably since 1978.

https://dailybruin.com/2017/01/11/ucsa-campaign-aims-to-refo...

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Unless the property is sold, Prop 13 caps the increase at no more than 2% annually. So if you have owned a home for more than 10 years, the tax basis is probably way lower than market value -- particularly in a place like Marin County.

The cost of provisioning public services depends on the cost of paying workers to live here, which has done a lot more than "increased pretty reliably."

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