August 25, 2010 at 7:00 pm in INFORUM
The biggest bill for special assessments near the new Davies High School will go to the Fargo School District. Continue Reading
Tags: Davies High School, Fargo, K12 education, special assessments 7 Comments »
“Of the $11.9 million project, total assessments are estimated at $9.7 million. The districtâ€™s share is almost 29 percent of the specials, with the rest going to homeowners and developers.”
Ok, so who pays a large portion to schools? Fargo tax payers.
“City taxpayers will also pick up a chunk of the projects.
A portion of improvements not assessed will be paid for through city sales taxes and sewer utility funds, putting taxpayers on the hook for $1.9 million of the paving and sewer projects.”
Ok, so… Fargo tax payers.
“And depending on the number of deferrals offered, the city would pay for that interest with taxpayer funds. Deferrals allow delayed payments for developers and homeowners.”
…. Fargo tax payers.
I know it’s got to come from somewhere, but in addition to the HUGE dollar amounts going to property owners down there – holy smokes! I guess infrastructure has to be payed some way, and taking it from the tax payers is the solution. It’s too bad it’s almost the hole thing for such a large project.
Like or Dislike: 16 4
I don’t agree with the project, how it was approved, or how assessments were divided up necessarily, but this is a public school project. I think it is important to remember that public schools can only be paid for one way, through taxes. Pointing out that all of the channels that the money flowing through come from tax payers is making a big deal out of something that is a given. Every public school in the country is paid for the same way. Tax payer funded.
Like or Dislike: 8 5
Personally, I think that 100% of the specials should come from those Fargo School Board members who voted for this project. It’s their boondoggle. I think in the future, it would also help to make school boards look and say “Do we really need this new school or not?” On another note, did the number of students enrolled in Fargo Public Schools this year increase or decrease? Oh yeah, that’s right it DECREASED. Yet we needed a new school…
Like or Dislike: 17 4
â€œAnd depending on the number of deferrals offered, the city would pay for that interest with taxpayer funds. ”
I think the reporter needs to look deeper at this. The city charges interest on special assessments, not vice versa. We should see what rate the city charges on special assessments and how much is made on that.
If the improvements were independently financed, a bank somewhere would be charging interest and making money. In this case, the city is financing it and charging interest to the homeowners over time. As a taxpayer, I would rather be paying interest to the city than to a bank someplace.
Like or Dislike: 4 6
I say email the public leaders with your voices. Their email addresses are on City of Fargo website. They do deserve to hear ALL of our voices!! I agree with all of the above comments!! Changes need to be made – now is a good time!!
Like or Dislike: 12 2
Let’s see — those homeowners who are assessed will pay their share …. and they will also pay a city wide assessment? ? …. and they will also pay a water & sewer tax?? … WOW — they really are getting it in the wallet.
Like or Dislike: 7 3
Special assessments are not taxes, just ask the IRS or special assessor, Ben. Ask anyone else in town and they think it’s a tax. The A.G. will tell the school board the same thing as the IRS agent and Ben. The city adds 25% to the total cost of any special project and puts that money in the city general fund, then the city pays a little of the total project with storm sewer funds and gas tax money and sales tax money to pay down the total assessment by about 15%. The city also adds 1% to the cost of the improvement bond that finances the project and that’s the interest the city charges the individual property owner (bond interest plus city interest). The profit goes into the general city fund. All property is special assessed including city parks, churches, colleges, Federal buildings firehouses, etc because that property has these so called improvements done to the property. I remember when the city tried including a maintenance project on a project that went by my house, no way did that occur.
Like or Dislike: 6 2
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