Talk of The Villages Florida - View Single Post - It's Time to Roll Back the 25% Sumter County Tax Increase!
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Old 12-29-2020, 07:57 PM
John41
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Quote:
Originally Posted by Advogado View Post
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.

The Impact Fee Law is clear and as you said a cost analysis must be undertaken. So Revenue Bonds and all those handwaving financing methods by pretend economics experts is irrelevant.