Bonds, referenda and incentives
I'm still waiting to hear back from three commissioners, but it sounds like Guilford County voters will have a bunch of bond choices ahead of them in the May 6 election, with the option to add a quarter-cent sales tax on top of that.
The bond proposals:
-$115 million for a new jail
-$457 million for schools
-$79.5 million for GTCC
-$20.2 million for county parks
The Board of Commissioners will meet tomorrow, which is the cutoff point to get that stuff on the May ballot. Here's tomorrow's agenda.
And there appears to be good support for the quarter-cent sales tax referendum, which would add $15.7 million to the county's revenue.
Things don't look so clear on a proposed economic development incentive policy, though. It's a set of guidelines that give businesses and economic developers an idea of what the commissioners are looking for before they hand out any tax rebates for industries locating here.
Problem is, commissioners need to get on the same page with what they want in the policy.
While it does aim for green industries, technology-based jobs and higher wages, some commissioners feel that it leaves small business in the dust. Then there are commissioners who are generally against any tax incentives for businesses.
If you were writing the policy, who would receive the incentives and what would they get?
UPDATE: Here's the link to the policy draft on the county's website. And the current policy.
Comments (2)
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And the shearing of sheep continues -
To vote for a bond issue is the same as to vote for a tax increase.
Posted on January 16, 2008 11:42 AM
Unless county officials find some way to cut a lot of money out of the budget.
If they all go, and voters say yes, then here's how it would shake out for property owners:
The owner of a $200,000 home would see a tax bill increase of $58 in 2008-09 and then another $97 hike in 2009-10.
Death and taxes, man.
Posted on January 16, 2008 11:51 AM