Talk of The Villages Florida - View Single Post - Why are the taxpayers, and not the developer, paying for the expansion of the village
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Old 10-03-2019, 08:56 AM
manaboutown manaboutown is offline
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IMHO due to the extensive size of the new development and the necessary upgrading of roads and more in existing developed areas an enormous amount of 'up front' money is needed - and needed NOW! I suppose bonds could be issued to raise money but they could not be tax free municipal bonds and would need to pay a higher rate of interest to be successfully marketed to the public as taxable bonds. I don't believe waiting on house by house impact fee payments however much they might be is a viable option to obtain the millions of up front dollars needed as some infrastructure will need to be in place prior to the first house being built. So, perhaps some genius with the developer proposed the huge countywide tax increase to fund the required infrastructure and the councilors bought it.
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Last edited by manaboutown; 10-03-2019 at 09:11 AM.