Reply to RM Cluster Overcrowding?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It costs money to run and staff a school not just to build it.  Since property taxes would likely be lower for condos, that burden would fall more heavily on the existing single family homeowners.

In places like New England they fund schools by having very high property taxes, this ironically also keeps real estate values lower and more stable, and prevents overdevelopment, but with the loss of the SALT deduction that's not likely to be popular in MoCo.

IMHO you are foolish to give away top tier school district slots to developers who will eagerly use it as a selling point/higher price justification but [b]who will then not be on the hook to help pay for the schools[/b].  You have effectively just done a wealth transfer to the developer at the expense of either school quality or existing homeowners.  [/quote]

Developers pay impact fees. And property owners pay property taxes. And renters pay rent to property owners, who use the money for property taxes.[/quote]

Developers impact fees are clearly insufficient in MoCo.[/quote]

The problem is developers fund county councilmembers campaigns and in turn, they give them exemption from these fees. It's a cozy arrangement. [/quote]

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