Submitted by MyTwoCents (not verified) on Thu, 09/04/2008 - 12:50pm.
Don't get distracted by the media reports of an automatic tax increase. A tax increase will only be needed if the county doesn't collect enough money in taxes while the bonds are being paid off.
Look at the ten-year history of New Hanover County. Tax collections have increased by over 200%! Take a look at the NHC budget and you can see for yourself. Are people going to stop moving here any time soon? Not likely. More people will keep coming. The tax base will continue to increase like it has over the last decade and taxes will be unaffected by the bond.
Also, if you want lower taxes in the long-term, take a larger view of what actually drives the overall economy.
More job training + more education = more jobs. More jobs means more income and more taxpayers. The more taxpayers means that in the long run, our tax base will be lower than it would be otherwise.
CFCC provides the training that new companies want and they need more space to do it. The community college is the BEST investment we can make to keep our tax base low.
Invest in Our Community to Keep Taxes Low