Let's add the void of funding created by a possible delay in TDT rates to the $130 Million shortfall on the taxpayers backs already. http://www.oregonlive.com/hillsboro/index.ssf/2011/10/washington_county_may_delay_fi.html CommentsBruce Bartlett 11/08/2011 9:30am
The TDT is great in principle. If we had instituted it during the 1990's and early 2000's, it would have functioned very well to capture a little of the "excess profits" the building industry was then making. The TDT would have been seen as simply the cost of doing business Now, there is real financial pain in the development community and in the home-buying population too so trying to extract the full TDT will be painful all the way around. It seems (unfortunately) prudent to phase in the TDT. The load on the backs of the taxpayers will not be significantly increased because the load is *already* so high. With the decreased development happening, the revenue generated will be limited and may not be worth the impact. Leave a Reply | ArchivesMarch 2012 CategoriesAll |
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