Property taxes are likely your second biggest expense each month next to your mortgage. But how much do you really know about where your taxes are being spent in your town?
For example, in most towns either garbage pickup is included in your tax bill or you pay each week for bags or stickers. Your town may even have a dump or "transfer" facility where you can drop off garbage for free. In either case, there are significant costs related to garbage disposal for every municipality.
Forward thinking officials are looking at new technology to turn garbage into a revenue creation opportunity.
A great example is the city of San Jose. Through its Green Vision initiative, the city is moving towards recycling all of its waste. And it's going one step further with an effort to turn that waste into energy.
A biomass technology known as dry fermentation anaerobic digestion breaks down organic waste (food scraps, coffee grinds, yard waste, human waste, etc.) from homes and businesses and turns it into methane gas, which in turn can be used to generate electricity. Additionally, the methane gas can be chemically changed into compressed natural gas, which it can be used to power the very trucks that collect the garbage.