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Feb 28, 2005: School needs public forum

By Mike Cross
Posted Sunday, March 6, 2005

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The Board of Education and the Board of Commissioners held a public information/discussion forum in the Superior Courthouse.

The BOE presented Chatham needs, which include 3 new schools, additions, renovations and upgrades with a projected estimated cost of $103 million.

The Board of Commissioners will meet soon to discuss how we will pay for these capital improvement loans.

I see two ways to borrow the money and 3 possibilities to raise the revenue to service the loan payments.

Loans

1. Bond referendum with countywide vote to coincide with our municipal elections in the fall
2. Certificates of Participation (COPS) -- loans with no public vote required


Payment Revenue

1. 1% Land Transfer Fee (not yet authorized by our General Assembly): a tax on all real property transactions
2. Increase School Impact Fees, either by district or countywide: a tax on new residential construction
3. Increase real property taxes, countywide


Citizen attendance/participation was extremely light for such an important issue. It's not too late to get involved! Surely you have questions.. or a preferred loan option... or an opinion for loan repayment.

 
Related info:
Mike Cross' Weblog
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Feb 28, 2005: School needs public forum
Chatham County Commisioner Mike Cross shares his viewpoints with citizens on his weblog.


Related info:
Mike Cross' Weblog
 
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