Carpe Diem |
04-05-2021 09:34 PM |
Why is it that, when the Developer builds a District that includes roads, utilities, paths & tunnels, earthmoving, etc it is incorporated into a bond that is paid off by homeowners over a 30 year period . . . but in this case the road expansions and infrastructure for the growth must be paid off by all the residents with a 25% tax increase over a just couple of years to balance the budget?
Even if it is decided that the Developer would not be paying for significant infrastructure improvements this time around, why couldn't the County balance the budget by financing it with a bond and increase resident property tax 2% over 30 years instead of 25% right now? The roads and infrastructure are going to be used for 30 years (at least) so they should be paid for over that span.
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