Quote:
Originally Posted by dewilson58
A Swing and A Miss.
Biker asked, "What would the impact fee have to be increased by to offset the approximately 25% increase ". That has NOTHING to do with the cost of the infrastructure. Nothing. It's simple math. Taxes increased, say, $50,000,000. Divide that by the 3,000 new homes. Boom..........+$15,000 fee increase.
Your math......150% increase time 3,000 new homes = about $4,000,000. A tad short.
Like Biker said, qualitative nonsense.
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I am sorry, but I don't understand what you are talking about.
For starters, the new Villages area will consist of something like 50,000 additional homes. Increasing the ROAD impact fee by 150% would bring in roughly $1,200 more per home. That is an additional $60,000,000 of tax revenue from just home construction. I do not know how much more would come in from commercial construction and from impact fees for such infrastructure as government buildings, parks, libraries, etc., nor can I say (without seeing the results of an impact study) how much of the 25% tax hike can be rolled back-- maybe it all could be plus a further tax reduction.
You seem to forget that the justification of the tax increase was to pay for new county infrastructure, especially roads. If that is paid for via impact fees, it would seem that the tax increase should be rolled back completely.