Lamar Pars/SPLOST/Revenue Bonds and l...

ACOG

Since: Dec 10

Location hidden

#61 Apr 5, 2013
Get ready! Lamar is getting ready for you to vote on a new SPLOST. Look at his Q/A for March 27th

http://gataxpayer.wordpress.com/2011/01/13/bl...

ACOG

Since: Dec 10

Location hidden

#62 Apr 5, 2013
time to go

Commerce, GA

#63 Apr 7, 2013
ACOG wrote:
here it is get ready lamars wasteful spending is gearing up to take your bucks.
time to go

Baldwin, GA

#64 Apr 17, 2013
up we go

ACOG

Since: Dec 10

Location hidden

#65 Aug 3, 2013
http://en.wikipedia.org/wiki/Revenue_bond

A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the bonds; other revenues (notably tax revenues) and the general credit of the issuing agency are not so encumbered. Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds.

Revenue bonds may be issued to construct or expand upon various revenue-generating entities, including:
Water and Wastewater (Sewer) utilities
Toll roads and bridges (see toll revenue bond)
Airports, seaports, and other transportation hubs
Power plants and electrical generation facilities
Prisons

Generally, any government agency or fund that is run like a business, generating operating revenues and expenses (sometimes known as an enterprise fund), can issue revenue bonds. An agency that provides a free service, such as a school, can not do so, as their only revenue is tax dollars.

Revenue bonds are most often issued to finance a revenue-generating public works project such as, bridges, tunnels, sewer systems, education (e.g. college dorms and/or student loans). In the case of education or school systems, bonds issued for colleges and universities are generally backed by income or other progressive taxes. General obligation bonds may be backed by a variety of credits depending on the state and local law; those credits include taxes on local property (ad valorem), regressive taxes and/or all other sources of revenue to the municipality. As a general rule, revenue bonds are backed by the revenue generated by the municipal facility funded by the bond issue. A feasibility study should be conducted to compare one project's IRR (internal rate of return, or hurdle rate) to another proposed project, as it is most important to ensure the success of the municipality. For instance, local government and port authorities can propose construction for a given neighborhood, based on projects that have been successful previously, or it can create a nonprofit authority to issue revenue bonds to build a school district, for example.

ACOG

Since: Dec 10

Location hidden

#66 Aug 3, 2013
Should a Club House fall under a REVENUE BOND?
ACOG in the Bible

Clarkesville, GA

#68 Aug 5, 2013
There is a scripture that describes Linda in the Book of Romans in the Bible.

Professing to be wise, they became known as fools.
OMG

Atlanta, GA

#70 Aug 6, 2013
Now you went and done it. You done woke up the guy that talks to mountains. Between that rat terrier woman and that bantam rooster guy, we'll not see a decent post around here for a while.

ACOG

Since: Dec 10

Location hidden

#72 Aug 10, 2013
Let's not forget the bait and switch!!!
info

Blairsville, GA

#73 Aug 10, 2013
ACOG wrote:
Let's not forget the bait and switch!!!
One of the major problems in getting reform in the county's spend and tax methods is that there are two basic groups fighting reform.
The first are those that live off the system via the Friends and Family Program. The other are those that have moved into the area from areas where they paid higher and, sometimes, MUCH higher taxes, such as Atlanta and South Florida. When they look at the taxes here, that group is comparing apples and oranges, not apples and apples.
Concerned Retired person

Maysville, GA

#74 Aug 10, 2013
info wrote:
<quoted text>
One of the major problems in getting reform in the county's spend and tax methods is that there are two basic groups fighting reform.
The first are those that live off the system via the Friends and Family Program. The other are those that have moved into the area from areas where they paid higher and, sometimes, MUCH higher taxes, such as Atlanta and South Florida. When they look at the taxes here, that group is comparing apples and oranges, not apples and apples.
I moved from Gwinnett and my County property tax on my house was not too much higher than here for the same value house. Makes me think it is not such a bargain here. And in Union there is no exemption at 65 for school tax. At 65 we have paid enough school tax for one lifetime.
And all these South Foridians and Atlanta folks want to change Union into Atlanta. Well I moved here to get away from the hell of Atlanta.
7% local tax comes right out of my SS and small pension. What do I get for my 3% local SPLOST money? 8 million Country Club, Horse Barn, Reese House, Farmers Market that sells non farm items (we pay dearly for them vegies) and odds and ends. The school portion is so ridiculous that they had a hard time figuring how to spend it all. Throw money at the schools must be the motto, well money does not a teacher make my friend.
Laughing

Dawsonville, GA

#75 Aug 10, 2013
Concerned Retired person wrote:
<quoted text>
I moved from Gwinnett and my County property tax on my house was not too much higher than here for the same value house. Makes me think it is not such a bargain here. And in Union there is no exemption at 65 for school tax. At 65 we have paid enough school tax for one lifetime.
And all these South Foridians and Atlanta folks want to change Union into Atlanta. Well I moved here to get away from the hell of Atlanta.
7% local tax comes right out of my SS and small pension. What do I get for my 3% local SPLOST money? 8 million Country Club, Horse Barn, Reese House, Farmers Market that sells non farm items (we pay dearly for them vegies) and odds and ends. The school portion is so ridiculous that they had a hard time figuring how to spend it all. Throw money at the schools must be the motto, well money does not a teacher make my friend.
You moved here for a bargain! LMAO South Floridians - what about those from the rest of the state of Florida? Alabama? Tennessee? Philly? Ohio? Lots of people have moved here from all over the USA and it takes an idiot from Gwinnett to show his ass and complain. I use the country club, horse arena, go to the farmers' market, and picnic at Meeks Park. Most of the people on my street golf and enjoy the amenities in Union County. What a little piss and moaner.
Just a thought

Monroe, GA

#76 Aug 11, 2013
Laughing wrote:
<quoted text>
You moved here for a bargain! LMAO South Floridians - what about those from the rest of the state of Florida? Alabama? Tennessee? Philly? Ohio? Lots of people have moved here from all over the USA and it takes an idiot from Gwinnett to show his ass and complain. I use the country club, horse arena, go to the farmers' market, and picnic at Meeks Park. Most of the people on my street golf and enjoy the amenities in Union County. What a little piss and moaner.
You are the finest example of a stupid knuckle head I have ever seen. Get a job and help pay for all these amenities and you want have so much time to use them.
Charlie

Odum, GA

#77 Aug 11, 2013
Just a thought wrote:
<quoted text>You are the finest example of a stupid knuckle head I have ever seen. Get a job and help pay for all these amenities and you want have so much time to use them.
. Great Post
Laughing

Dawsonville, GA

#78 Aug 11, 2013
Just a thought wrote:
<quoted text>You are the finest example of a stupid knuckle head I have ever seen. Get a job and help pay for all these amenities and you want have so much time to use them.
Honey, I'm retired and making more than the average wage in Union County being retired. Most move-ins do. We came here prepared to retire. Suck it up. We are here to stay and loving all the goodies our county provides.

There are a lot of rich people who own second homes in this area. They are also ones who help the economy and pay taxes, hire people to build and work. Stop insulting the hand that feeds you.

Pay for it! We pay our taxes just like you do and we spend our money in Union County. We likely spend a hell of a lot more money than most people do, too. Without it, Union County wouldn't be as prosperous as it is.

Those of us who are paying the most deserve to have choices, a nice golf course, a place for our horses, and all the other things SPLOST pays for.
Laughing even harder

Dawsonville, GA

#79 Aug 11, 2013
And you Floridians wonder why we don't like you. Then you gripe and say we overcharge you. LOL.
Laughing wrote:
<quoted text>
Honey, I'm retired and making more than the average wage in Union County being retired. Most move-ins do. We came here prepared to retire. Suck it up. We are here to stay and loving all the goodies our county provides.
There are a lot of rich people who own second homes in this area. They are also ones who help the economy and pay taxes, hire people to build and work. Stop insulting the hand that feeds you.
Pay for it! We pay our taxes just like you do and we spend our money in Union County. We likely spend a hell of a lot more money than most people do, too. Without it, Union County wouldn't be as prosperous as it is.
Those of us who are paying the most deserve to have choices, a nice golf course, a place for our horses, and all the other things SPLOST pays for.
Just a thought

Monroe, GA

#80 Aug 11, 2013
Laughing wrote:
<quoted text>
Honey, I'm retired and making more than the average wage in Union County being retired. Most move-ins do. We came here prepared to retire. Suck it up. We are here to stay and loving all the goodies our county provides.
There are a lot of rich people who own second homes in this area. They are also ones who help the economy and pay taxes, hire people to build and work. Stop insulting the hand that feeds you.
Pay for it! We pay our taxes just like you do and we spend our money in Union County. We likely spend a hell of a lot more money than most people do, too. Without it, Union County wouldn't be as prosperous as it is.
Those of us who are paying the most deserve to have choices, a nice golf course, a place for our horses, and all the other things SPLOST pays for.
Wait till you try and sell that cabin and go back where you came from and then see who's laughing. Heh Heh Heh
Laughing

Dawsonville, GA

#81 Aug 11, 2013
Laughing even harder wrote:
And you Floridians wonder why we don't like you. Then you gripe and say we overcharge you. LOL. <quoted text>
First, I'm not from Florida and I don't give a rat's ass if you like me or not. I didn't move here for a popularity contest and to my knowledge have never been over-charged. If I was, oh well, that's the way it goes. I've never heard any of my friends complain about being overcharged. For what?
Laughing

Dawsonville, GA

#82 Aug 11, 2013
Just a thought wrote:
<quoted text>Wait till you try and sell that cabin and go back where you came from and then see who's laughing. Heh Heh Heh
No plans on leaving any time soon. This is our home and has been for 10 years. You probably have done business with my family and didn't even know it. We also have rental property and local people rent from us. We don't "overcharge" but keep it easy for decent hard-working families to have a nice place to live.

I live in a House not a Cabin.
Just a thought

Monroe, GA

#83 Aug 11, 2013
Laughing wrote:
<quoted text>
No plans on leaving any time soon. This is our home and has been for 10 years. You probably have done business with my family and didn't even know it. We also have rental property and local people rent from us. We don't "overcharge" but keep it easy for decent hard-working families to have a nice place to live.
I live in a House not a Cabin.
If your family is as arrogant as you are you can rest assured I don't do business with them. Glad to know you have been here 10 years now let me see just who owns a business and has been here 10 years?

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