Real estate taxes and school construction

A legislative committee looking at school construction needs heard proposed legislation for a new array of potential revenue streams for school construction including a real estate transfer tax. The legislation, presented to the House Select Committee on Public School Construction, would also increase regulatory authority, allowing counties to set up adequate public facility ordinances.
Each county would have to hold a referendum on whether to opt in to the new system. Counties that already have local option real estate transfer taxes and and special impact fee arrangements would have to choose either the new system or their current one.
The Adequate Public Facilities ordinances would allow counties to tie construction permits to available seats in the classroom.
Look for a major, major battle over this as the powerful homebuilders and real estate lobby get involved. Most of these proposals have been around for a while and some towns and counties have been able to win local legislation. Any kind of transfer tax or impact tax has been met with fierce opposition because it captures the value of the home. Some might call that progressive in that the sale of $100,000 starter would see much lower transfer taxes than the $1.1 McMansion.
APOs have been a tough sell as well. Orange County has one as does Cary (or they did at one time). When it was passed in the OC, there was a lot of expectation that there would be a lawsuit challenging the right to do it. While enacting such ordinances would go a long way toward setting up better growth managment practices, each county will need to do a lot of hard thinking on how they'll approach the new powers. In places where county commissions and school boards don't always see eye-to-eye this could stir things up.

Another piece of the legislation would extend the same tax exemption status for privately owned facilties leased for public schools.

No audio for now--the Leg site's glitch today.

Comments

Let's pray that they can get

Let's pray that they can get something passed. I'm so tired of the whining and lobbying from the real estate industry about impact fees.

Growth should at least help pay for itself. An impact fee on a new home is fair and contrary to what the RE people say, does not hurt affordable housing/starter home buyers.

Additionally, it is no way near fair that some counties are allowed to have certain fees but others cannot.

APFO's -- w00T!

We need Adequate Public Facilities Ordinances so badly! Johnston, Union, Wake, Durham, Orange ... county governments and school systems all over NC need more flexibility. Is there actual legislation yet? Is there a bill number?

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

No bill number

No bill, no number, no sponsor, but it's on the table and as soon as someone puts their name on it, I'll let you know.
Reminds me in parts of a similar package of legislation proposed about a decade ago by a guy from here in the OC. Hackney was his name.

real estate pig-dogs are a consequence of private property

The capitalist pig-dogs are dispicable in their unconscionable attempt to extract compensation from their labor. They should not be able to do this at all. If their labor is truly aimed at the benefit of society, they should forfeit this compensation completely and trust the state to look after their interests. State direction will also ensure that a surplus of housing is not constructed while ensuring that the optimal amount of resources are directed to the construction of schools. Enlightened citizens certainly recognize these needs and would be willing to share housing facilities with other families as a result of any elevated costs due to their recognition of the benefit for society.

Enlightened citizens of America...I call on you to cast off archaic notions of private property and cede your belongings to the omnipotent state. Follow me, comrades, into the enlightened century of benevolent central planning! Vive la revolution!

Comrade Mikey!

We thought the capitalist pigs had confiscated your computational resources and banished you to a low-paying service sector job behind the counter at McDonald$. It is good to see you continue the struggle against the evils of planning. Should the pigs prevail, only the wealthy capitalists will enjoy the benefits of education and healthcare. This cannot happen.

____________________________________

We are not amused.

Тролль

I you must troll at least do it in Russian:

Капиталистических свиней - собак - подлая в их безумном стремлении получить компенсацию от своего труда. Они не должны иметь возможность это сделать вообще. Если их труд действительно направлены на благо общества, они утрачивают эту компенсацию в полном объеме и целевого состояния, которые будут представлять их интересы. Государство направление также будет следить за тем, чтобы излишки жилья не построено обеспечивая при этом оптимальный объем ресурсов направляется на строительство школ. Просвещенные граждане, безусловно, признаем эти потребности, и мы готовы поделиться жильем с другими семьями в результате каких-либо повышенных затрат в связи с признанием их пользу для общества. Просвещенные граждане Америки ... Я призываю Вас отказаться от архаичного понятия частной собственности и передать вещи для вашего всемогущего государства. Следуйте за мной, товарищи, в просвещенный век благотворительных централизованного планирования! Да здравствует революция!