I believe 81% of those who cast a vote regarding building a new Marshall voted to build it. However, I think the wording of the reimbursement costs was misleading and many voters did not fully understand that the 80% reimbursement was on "allowable costs" not the full cost. Therefore, as you have pointed out, the taxpayers will be paying more like $45 million for the new school and not $18 million. This, of course, became more clear after the vote was taken and as the project progressed. It will be interesting to see how many voters will vote to build a new Pickering, if or when the time comes, now that they know the real cost of Marshall and the net school spending issue. Of course, it would also be interesting to see how many voters are actual taxpayers. Those who are not taxpayers don't have anything to lose. It is not coming out of their wallets.
That's where we kind of disagree. You see LANDLORDS are not going to pay for higher taxes out of the "GOODNESS" of their hearts You'll see HIGHER rents!
Well that depends on how many voters actually pay market rate rents vs subsidized. It is highly unlikely subsidized rents will increase and Lynn has an abundance of public/subsidized housing.
ReplyDeleteI won't argue that there is an abundance of subsidized rents (I wish mine was) and it is a little more cumbersome to raise the rents but the subsidies are usually a percentage and not a fixed cost.
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