QUESTION: I am dubious about 2 things on the election ballot and wonder if you can give me more info or a source of more info. Amendment One sounds to me as if it takes away the voters' right to decide on individual projects and despite what the tv ads say, it sounds as if it WILL raise property taxes. Can you clarify this or give your opinion about it?
Also, can you tell me whether the bond issue for parks and recreation would enable funds to be allocated to the Coliseum or the Ball Park, which Greensboro voters have already voted NOT to support? Thank you for any information about these two things.
ANSWER: NC and Arizona are the only states that do not have self-financing bonds. The concept is to establish a district in a community and finance an amount to renovate the district or create a job site. The bond approved will not exceed the increased tax base created by the capital improvement. Therefore, the taxpayer does not pay off the bond with general funds, but it is paid by the monies collected from the financed improvements. I wouls also suggest that there are many fiscal decisions made by elected officials in our representative government. The "taxpayer hands" idea is a phrase used often on fiscal decisions by opposition. The monies from the parks bond have already been earmarked to projects, many related to school dual use parks, greenways, etc.. I am not aware of any proposed use related to the ballpark or the coliseum. Thank you for your question!