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Originally Posted by Ben Franklin
When residents are asked to foot the bill for the impact created by the developer and the newbies, there is a word for it. It's called socialism. Those who create the impact should take personal responsibility of having to pay for the impact THEY create.
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Quote:
Originally Posted by Bill14564
Would you also say that those who create revenue (in the form of taxes) should get to keep the taxes? We don't subsidize their roads and the income from the houses and businesses supported by those roads stays south of 44?
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Quote:
Originally Posted by Ben Franklin
Not sure I follow you. We all create revenue through taxes and our purchases of goods. If I go to Fenny or Marsh Landing, I travel only on the main roads to purchase food at Fenny Grill, or Edna's on the Green. I do not travel on the roads that lead to individual's private property.
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When you go to Fenny or Marsh Bend you are part of the impact the fees pay for. You are driving on roads that were created to support the businesses as well as the homes. You are using roundabouts and lights that would not exist if it were not for the development. Those are the impacts created by the businesses and homes that you feel should be borne 100% by the businesses and the homes.
Okay, so the homes and businesses should be charged 100% of the impact. That impact allows the homes to have residents and the businesses to have customers. Those residents pay property taxes and the businesses pay property taxes, sales taxes, and possibly other business taxes. If it is only right that those businesses and homes pay 100% of the costs then why is it not also right that the revenue (taxes) generated by those businesses and homes stay in their area?
If 100% of the impact should be paid by those that create it then why shouldn't those that pay for the impact receive 100% of the benefit?
But we don't designate tax revenue to be spent just south of 44; all the tax money county-wide is put into the county accounts to be spent to benefit the county. The more successful the business the more tax income and the bigger the benefit to the county. It is in the county's best interest that the businesses are successful.
And what makes a business successful - customers. The more customers, the more income, and the more taxes to the county. Also, the more customers in an area the more likely it is for a business to want to come into an area. And again, the more businesses, the more taxes, and the more benefit to the county.
The county, all the county, benefits financially from growth in both businesses and homes. That growth comes with infrastructure costs, very expensive infrastructure costs. If the county attempts to make the homeowners and business owners pay 100% of that cost they risk stopping the growth that will bring in the tax revenue. On the other hand, if they don't raise impact fees high enough then they risk being voted out in the next election. It's a difficult position to be in.