Comments on: Real Estate Taxes and School Construction http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/ a survey of governance and policy Sat, 07 Jan 2012 18:49:52 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: kmr http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/#comment-1871 kmr Wed, 10 Jan 2007 16:35:25 +0000 http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/#comment-1871 Thanks Stan. I''d forgotten that the APFOs weren't through local bills. Thanks Stan. I”d forgotten that the APFOs weren’t through local bills.

]]> By: Stan Norwalk http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/#comment-1868 Stan Norwalk Wed, 10 Jan 2007 15:20:48 +0000 http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/#comment-1868 Six counties, Dare and other counties in the NE corner of the state have a transfer tax empowerment for up to 1% for about 17 years. If all counties in the state had the same empowerment, it would have raised $600 million in 2006. That should grow substantially in 2007. If the counties used that revenue to issue school bonds they could raise $6 billion or more. That would make a big dent in the $9.7 billion NC DPI forecasts is need for school construction over five years. (I will post on the forum of our web site www.wakeupwakecounty.com, an analysis of the pro's and con's of transfer taxes.) Regarding APFO's, there are five counties that have enacted them - all without approval from the NCGA recently Union Cty. with a $14,200 facilities fee (=impact fee). Three counties have impact fees they can and do use for school construction. I agree, this will really stir things up. Stan Norwalk Six counties, Dare and other counties in the NE corner of the state have a transfer tax empowerment for up to 1% for about 17 years. If all counties in the state had the same empowerment, it would have raised $600 million in 2006. That should grow substantially in 2007. If the counties used that revenue to issue school bonds they could raise $6 billion or more. That would make a big dent in the $9.7 billion NC DPI forecasts is need for school construction over five years. (I will post on the forum of our web site http://www.wakeupwakecounty.com, an analysis of the pro’s and con’s of transfer taxes.)

Regarding APFO’s, there are five counties that have enacted them – all without approval from the NCGA recently Union Cty. with a $14,200 facilities fee (=impact fee).

Three counties have impact fees they can and do use for school construction.

I agree, this will really stir things up.

Stan Norwalk

]]> By: The Mill - Warp & Woof in Carrboro » Noonlike report http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/#comment-1834 The Mill - Warp & Woof in Carrboro » Noonlike report Tue, 09 Jan 2007 18:01:49 +0000 http://www.exileonjonesstreet.com/2007/01/09/real-estate-taxes-and-school-construction/#comment-1834 [...] Real Estate Taxes and School ConstructionMorning PostHackney shores up support [...] [...] Real Estate Taxes and School ConstructionMorning PostHackney shores up support [...]

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