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We are about 1 bond issue behind on infrastructure. This bond issue is for catch up, not for future growth.
I heard Tony Tata say so, and I strongly agree.
The cool thing about a bond issue is that you get the infrastructure and then the transplants chip in to amortize the debt.
Raising taxes mightily to raise cash for schools would only punish those who are here now, and transplants would then get a free ride.
Last edited by MikeJaquish; 01-06-2013 at 10:04 AM..
We are about 1 bond issue behind on infrastructure. This bond issue is for catch up, not for future growth.
I heard Tony Tata say so, and I strongly agree.
The cool thing about a bond issue is that you get the infrastructure and then the transplants chip in to amortize the debt.
Raising taxes mightily to raise cash for schools would only punish those who are here now, and transplants would then get a free ride.
No, put impact fees through the legislature to make growth pay up front with no borrowing.
Growth is a fact of life in Wake County. As the economy improves, you'll start seeing subdivisions pop up everywhere (again) in east Wake, south Wake, and northeast Wake. If you don't want to live in a county that's growing, you are living in the wrong place. Estimated population of Wake will be 1.16 million in 2020 and 1.54 million in 2035. (These numbers come from Wake County staff.) All those new kids will have to go to school somewhere. And by the way, growth of the tax base means that the property tax rate won't rise in proportion to total debt.
And why is there such growth? In part because it's an attractive place to live; property taxes look very low here to many people moving from other states. In part because established powers in Wake County such an realtors, real estate developers, real estate owners, construction businesses, and retailers are salivating at the prospect of continued growth. Even if it means sprawl, those interests have far more political power than opponents of growth. So get used to it.
I have had 4 children go from Kindergarten to Middle School to High School and even though they have all graduated, I will still vote YES for Wake County School Bonds.
Too bad the general assembly has already said no way, Jose, to impact fees.
That can be changed.
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