An opinion by Dr. Michael Sanera on the conservative think-tank John Locke Foundation's website argues:
...promises made by the current county commission are not binding on future commissions that would be free to spend the funds on any legal purpose. ...
The appropriate way to fund buildings and renovations at AB Tech is to offer voters a bond issue, which would legally guarantee that the funds were used for the promised purpose. ...
Since 2005, commissioners have increased the county debt by 32 percent, ignoring voter accountability by using non–voter-approved debt.
The non–voter-approved debt for AB Tech could cost taxpayers a 10 percent debt service premium compared with a voter-approved bond. ...
Voters should require the commissioners and Dunn to produce an academically sound economic study that would show how transferring $7 million from taxpayers to county government would create a net increase in jobs in Buncombe County.
Download PDF file: A Blank Check for Buncombe: County commissioners ask voters for a sales-tax increase at http://www.johnlocke.org/acrobat/policyReports/RB79BuncombeCoSalesTax.pdf Read the full article
...promises made by the current county commission are not binding on future commissions that would be free to spend the funds on any legal purpose. ...
The appropriate way to fund buildings and renovations at AB Tech is to offer voters a bond issue, which would legally guarantee that the funds were used for the promised purpose. ...
Since 2005, commissioners have increased the county debt by 32 percent, ignoring voter accountability by using non–voter-approved debt.
The non–voter-approved debt for AB Tech could cost taxpayers a 10 percent debt service premium compared with a voter-approved bond. ...
Voters should require the commissioners and Dunn to produce an academically sound economic study that would show how transferring $7 million from taxpayers to county government would create a net increase in jobs in Buncombe County.
Download PDF file: A Blank Check for Buncombe: County commissioners ask voters for a sales-tax increase at http://www.johnlocke.org/acrobat/policyReports/RB79BuncombeCoSalesTax.pdf Read the full article
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