Thru all this, do you know what I wished the county would have done????
Issued a Special Revenue Bond and had future NEW property taxes pay off the bonds.
If there are 3,000 house being constructed each year, (what's the average assessed value??) for say $300,000 each, this would generate about $7,000,000 in new tax revenue every year. After ten years of growth @ 3,000 per year...........that's $300mil in tax collections. Plenty to pay off the Special Revenue Bonds.
I wish.
__________________
Identifying as Mr. Helpful
|