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October 23, 2006
Fort Mill is growing, but how are they going to pay for it?
Categories: Classes
Fort Mill is the fastest growing school district in the state. All those new kids means a need for more schools and infrastructure.
This article in the Herald discusses two options available to finance all this new construction -- the standard bond referendum or an Installment Purchase Plan.
Honestly, I am not up to snuff on the ins and outs of either, but one thing I don't see discussed are impact fees for all those news houses they keep putting up in Fort Mill. New houses need new sidewalks, water lines, stoplights, and schools. One way to pay for all that is to charge builders (most of which in Fort Mill are developers) a set fee for each new house they put up, with that money going to infrastructure improvements. Critics (i.e. developers) say this will drive up the cost of housing and discourage growth. But the alternative seems to be raising fees or property taxes for everyone. Is it fair that someone who has lived in the area for years has to subsidize the new streets and schools that have to be built because of these new developments?
Posted by Nakia at October 23, 2006 02:29 PM