Quote:
Originally Posted by biker1
The 60K homes is correct but there appears to be a little problem with your numbers. You previously mentioned $3000 per home (for taxes). That is probably not a bad number but 1/2 of that is the school tax. The Villages builds about 2200 homes per year so the incremental county tax revenue is about $3+ million per year, if they continue at that same pace.
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Point conceded. So 3 million year 1, 6 million year 2 = 9 million first 2 years, 18 million for 3 years, 30 million for 4 years, 45 million in 5 years.
So it might take 5 years to pay back the 50 million in original infrastructure expense, but after that it's all gravy to Sumter County residents
I'm sure there are some here who think "the developer' should just write a check for 50 million to the county, well.........
:1rot fl: