Recent News and Opinion
2014/12/22 - Teacher's Aide Arrested in Lewisville for Sex with 16-year-old
2014/12/21 - I'll be home: Memories of World War II exhibit at MCL Grand
2014/12/21 - Upcoming Events Around Lewisville and the Surrounding Area
2014/12/18 - LISD Board Names Dr. Kevin Rogers as Interim Superintendent
2014/12/17 - Islamic Flag at Lewisville Home Raises Eyebrows
2014/12/15 - Online Fundraiser for Lewisville Firefighter Electrocuted on Duty
2014/12/13 - Lewisville Blames Contractor for Ferguson Plaza Delays
2014/12/13 - GLCT Performing Two Shows in December
2014/12/13 - MCL Grand to Host 3 Redneck Tenors - Dec. 31st, Jan 2nd, 3rd
2014/12/13 - Upcoming Events Around Lewisville and the Surrounding Area
2014/12/10 - Updated: Police Identify, Arrest Additional Suspects in Home Invas...
2014/12/8 - Updated: Flower Mound Robbery, Lewisville Carjacking - Three Caugh...
2014/12/7 - Santa to Begin Annual Tour of Lewisville with Firefighters
2014/12/5 - Upcoming Events Around Lewisville and the Surrounding Area
2014/12/4 - Holiday Yard of the Month Nominations Sought
2014/12/4 - FBI Puts Capital Murder Suspect Yaser Abdel Said on Ten Most Wante...
2014/12/3 - Organizations With Holiday Collections for Kids
2014/12/2 - Texas Public Schools: What is the First Objective?
2014/12/2 - Lewisville Police and Fire Radio - Live Feed
2014/12/1 - Lewisville Council Approves Agreement with UNT for LLELA Funding
2014/11/28 - Updated: Lewisville Police Release Name of Carjacker Shot Wednesda...
2014/11/27 - Thankful for Lewisville PD
2014/11/27 - Stuff to be Thankful For
2014/11/26 - Updated: Violent Car Thief Shot by Police After High Speed Chase
2014/11/26 - Shooting at RaceTrac on FM 3040
Recent Reader Comments
2014/12/22 12:17 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/21 18:21 - Re: LISD Board Names Dr. Kevin Rogers as Interim Superint... (Anonymous)
2014/12/21 16:49 - Re: Updated: Violent Car Thief Shot by Police After High ... (Anonymous)
2014/12/21 15:11 - Re: Student Witnesses: Montana Lance Bullied on Day of H... (Anonymous)
2014/12/21 12:17 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (WhosPlayin)
2014/12/21 11:03 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/20 13:25 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/19 0:56 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/18 23:31 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/18 6:09 - Re: Updated: Violent Car Thief Shot by Police After High ... (Anonymous)
2014/12/17 19:38 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/17 15:53 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/17 11:02 - Re: Islamic Flag at Lewisville Home Raises Eyebrows (Anonymous)
2014/12/16 20:59 - Re: Lewisville Blames Contractor for Ferguson Plaza Delays (Anonymous)
2014/12/16 1:55 - Re: Lewisville Blames Contractor for Ferguson Plaza Delays (Anonymous)
2014/12/15 21:53 - Re: Lewisville Blames Contractor for Ferguson Plaza Delays (Anonymous)
2014/12/13 19:52 - Re: Lewisville Blames Contractor for Ferguson Plaza Delays (Anonymous)
2014/12/13 17:39 - Re: Lewisville Blames Contractor for Ferguson Plaza Delays (Anonymous)
2014/12/8 0:20 - Re: Thankful for Lewisville PD (Anonymous)
2014/12/6 16:19 - Re: Holiday Stroll Planned in Old Town Lewisville on Dece... (jbcglc)
2014/12/4 20:50 - Re: Updated: Lewisville Police Release Name of Carjacker ... (Anonymous)
2014/12/2 2:51 - Re: Fox Hembry Cleanup Recap (Anonymous)

Idea for Raising School District Revenue

Links, Thoughts, and Open Thread
Posted by WhosPlayin on 2010/6/30 10:42:12 (752 reads)

Okay, so I have this idea about how a school district or local government could raise a bit of extra revenue. I have no idea whether the tax code would allow it or not; that's for the lawyers to decide.

Basically it goes like this:

Right now your average consumer is strapped for cash, and would pay 20% or higher on an unsecured loan. Yet property taxes are payable all at once each year. On the other hand, governmental entities collect all this money at once, and end up spending it slowly over the course of a year. All of this money sits in bank accounts earning much less than 1% per year in interest.

My idea is to offer taxpayers an "amnesty" of sorts when taxes come due. Basically, the governmental entity would waive penalties and let the taxpayer defer paying the taxes without penalty. You'd charge a 12% annual rate (1% per month) on the outstanding balance, and allow it to be paid out within 8 - 10 months. As long as the taxpayer pays the bill completely within that timeframe, they pay no penalty and are not judged to be in arrears. If they miss it, then all penalties apply.

This way, the governmental entity earns much more interest, and in a win-win situation, the consumer pays much less interest than they would if they had to borrow the money to pay the bill.

Of course, there would be some cost to implement such a program, and state law may not allow it. But if it could be worked out, I think it would be a good idea. Maybe it's only a drop in the bucket though.

- Rating: 0.00 (0 votes) - {$lang_ratethisnews}
 
The comments are owned by the poster. We aren't responsible for their content.


Other articles
2014/12/22 17:40:00 - Teacher's Aide Arrested in Lewisville for Sex with 16-year-old
2014/12/21 12:20:00 - I'll be home: Memories of World War II exhibit at MCL Grand
2014/12/21 12:10:00 - Upcoming Events Around Lewisville and the Surrounding Area
2014/12/18 7:21:20 - LISD Board Names Dr. Kevin Rogers as Interim Superintendent
2014/12/17 10:10:00 - Islamic Flag at Lewisville Home Raises Eyebrows
2014/12/15 8:20:51 - Online Fundraiser for Lewisville Firefighter Electrocuted on Duty
2014/12/13 15:50:00 - Lewisville Blames Contractor for Ferguson Plaza Delays
2014/12/13 10:50:00 - GLCT Performing Two Shows in December
2014/12/13 10:42:47 - MCL Grand to Host 3 Redneck Tenors - Dec. 31st, Jan 2nd, 3rd
2014/12/13 10:40:00 - Upcoming Events Around Lewisville and the Surrounding Area


The Lewisville Texan Journal is a service of SagePost, Inc.
Login to Comment
User:
Pass:
Remember me
Lost your password?
Create New Account