[G.R.I.T.S.]

Originally Posted by dewilson58

Looks like the County Commissioners have spoken.
All that noise for less than $1,000 per new Villages house.



So, is the 25% rollback / reversal next???

No. Impact fee is for roads. Has no effect on tax rates.

[Advogado]

Originally Posted by npwalters

I seriously doubt that a one time impact fee is going to sway any major retailer one way or the other. $100,000 (for example) is chump change to Costco.

You are right.

Look at an income statement for almost any business, and you will realize that depreciation expense (which is where an impact fee would be written off) is a relatively tiny part of total costs. Plus a Costco financial analyst would look at total tax costs and would find that the higher impact fee would be offset by lower property-tax. The articles by the Developer's Minister of Propaganda, David R. Corder, in the Daily Sun are baloney.

[Stu from NYC]

Originally Posted by Advogado

You are right.

Look at an income statement for almost any business, and you will realize that depreciation expense (which is where an impact fee would be written off) is a relatively tiny part of total costs. Plus a Costco financial analyst would look at total tax costs and would find that the higher impact fee would be offset by lower property-tax. The articles by the Developer's Minister of Propaganda, David R. Corder, in the Daily Sun are baloney.

He is definitely the minister of propaganda. lol

[VApeople]

I had no opinion on this subject until I read the front-page article in the Daily Sun a few days ago.

It said the 25% tax increase we had in 2019 raised about 51 million dollars. Out of that amount, about 41 million was spent on roads.

That seemed outlandish to me. 80% of our tax money spent on roads. That is why I am in favor of increasing the impact fee for new construction.

[Bill14564]

Originally Posted by npwalters

I seriously doubt that a one time impact fee is going to sway any major retailer one way or the other. $100,000 (for example) is chump change to Costco.

What about an additional $360,000 if Costco is considered a Discount Club or an additional $587,000 if Costco is considered a Discount Superstore? Do you think a half million dollars in additional cost is chump change for them too?

[dewilson58]

Originally Posted by Advogado

.

Happy with the $800???
When do we all get the 25% reversed??
Should we be writing letters???
Are the commissioners getting impeached??

[Stu from NYC]

Originally Posted by Bill14564

What about an additional $360,000 if Costco is considered a Discount Club or an additional $587,000 if Costco is considered a Discount Superstore? Do you think a half million dollars in additional cost is chump change for them too?

There is no way that Costco would build on land either rented or purchased from the developer.

[Stu from NYC]

Originally Posted by dewilson58

Happy with the $800???
When do we all get the 25% reversed??
Should we be writing letters???
Are the commissioners getting impeached??

Time will tell what will happen do not think we will get it all reversed but some,

[Bill14564]

Originally Posted by Stu from NYC

There is no way that Costco would build on land either rented or purchased from the developer.

I'm not sure what that has to do with anything. Those impact fees apply to anywhere in the county. If Costco wants to build on a location in Sumter County then the impact fee it will be required to pay was just increased by an amount between $360,000 to $587,000 depending on how the store is classified.

[Carla B]

Originally Posted by VApeople

I had no opinion on this subject until I read the front-page article in the Daily Sun a few days ago.

It said the 25% tax increase we had in 2019 raised about 51 million dollars. Out of that amount, about 41 million was spent on roads.

That seemed outlandish to me. 80% of our tax money spent on roads. That is why I am in favor of increasing the impact fee for new construction.

Yes, and it said that the 40+/- million for roads included repaving Buena Vista and Morse Blvd. So I wonder how much it cost to do those two roads and how much went for roads south of Hwy. 44.

[tophcfa]

Originally Posted by dewilson58

The State bill will not pass. $2mil/yr will not have a significant impact on taxes, a study should have been completed...............could have been completed in less than 30 days.

Perhaps you will be proven correct. However, if I was in the Commissioners shoes, I would not have taken the risk of assuming the State bill would not pass.

If I made that assumption and the bill did pass, I would have felt that I breached my fiduciary responsibility to the residential taxpayers of the county. The timing of the State Bill indicated strongly that someone was playing dirty pool.

[tophcfa]

Originally Posted by Aloha1

Abrogation of their fiduciary responsibility for political expediency is never "the right thing to do".

Putting the Commissioners in the unfortunate position of having to expedite the process is never “the right thing to do”.

[dewilson58]

Originally Posted by tophcfa

Putting the Commissioners in the unfortunate position of having to expedite the process is never “the right thing to do”.

A strategy by the family????? Could be.

[dewilson58]

Originally Posted by tophcfa

Perhaps you will be proven correct. However, if I was in the Commissioners shoes, I would not have taken the risk of assuming the State bill would not pass.

Even IF it's not retroactive, the increase only collected ~$2mil and will not put a dent in the $50mil collected. I think it was an extremely weak showing for all the promising to the voters.

[tophcfa]

Originally Posted by dewilson58

Even IF it's not retroactive, the increase only collected ~$2mil and will not put a dent in the $50mil collected. I think it was an extremely weak showing for all the promising to the voters.

Agreed, the voters were over promised. That being said, the new commissioners did what they could without over reaching on impact fees and it is still better than what would have happened if the prior 5 commissioners were still all in office.