Reply to MoCo Giving School Money to Developers?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Montgomery County literally has the highest school impact fees IN THE COUNTRY. Impact fees make housing more expensive. It's not a progressive way to raise money for schools. It is, in fact, very regressive.[/quote]

Actually California generally has higher fees but it doesn’t really matter what the comparison is. It matters whether the fees are adequate to pay for the new seats that new housing requires. The MoCo council has cut impact fees several times during the past few years (especially for apartments) and housing has gotten more expensive, not cheaper. There also has been no measurable impact on how many houses get built.

It’s not progressive to give out corporate welfare. Corporate tax breaks are the Republican economic plan. Developers don’t reduce prices by the amount of subsidies or tax breaks that they get. They use nearly all of the money to boost their profits. It’s a very inefficient way to create more housing, particularly when it is applied across the board because when it’s applied across the board the government ends up subsidizing very expensive housing alongside the subsidies for more attainable housing; which are more defensible.

Make no mistake this tax cut for developers will be paid for with another property tax hike that applies to every property owner in the county. Why should a retiree in Aspen Hill be subsidizing JBG’s billions in profit? How progressive is that?[/quote]

+1 Amen.  Why are our kids susbsidizing the profits of developers.  It's they who are stuck in kindergarten classes with 27 kids.[/quote]

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