I’d say that there has to be a balance between new homes paying their way and existing homes paying their way.
“I think the presumption of the policy is that the county needs an additional means of collecting dollars to pay for capital improvements, which presumes that the existing tools that you have are not adequate,” said Frank Stoner of Milestone Partners.
Stoner was among those who suggested that an increase in real estate property taxes would be a fairer way to raise funds. Last month, Albemarle County adopted a tax rate of 79.9 cents per $100 of assessed real estate value, a 3.3-cent increase over the previous rate of 76.6 cents.
“A 1 cent tax increase gives you almost double the revenue that you have received through the proffer policy,” Stoner said, “and at least it’s equitable and it’s an existing tool that you have.”
My answer to the question (what are the negatives about living in Charlottesville and Albemarle): Perhaps the single greatest negative with living in CharlAlbemarle is the collective inability of the City and County to implement plans – specifically for infrastructure. Their constant bickering, planning, fighting, planning, discussing, planning and then planning some more is remarkably irresponsible.
Is removing cash proffers an option? (from May 2013):
And … keep in mind that the City of Charlottesville is much better funded than the County of Albemarle with respect to infrastructure.