Friday, December 29, 2006

Development Tax Increase Wanted

Rutherford County wants to increase the development tax from $1500 to $3000 on new construction, but the proposal must be approved by the state. The county commissioners do not expect the State General Assembly to okay their plea for money which will help the county cope with its rapid growth. Rutherford County greatly needs more funding to help pay for new schools to house the huge influx of students as this is the fastest growing county in the state. Also, the money would pay for roads, traffic lights, and more.

Development tax is usually paid by a home builder (it does trickle down to the home buyer in the price of the home).

Read the article in the Daily News Journal here.


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