Recent News and Opinion
2016/4/28 - Ozone Season Brings Heightened Air Quality Awareness
2016/4/28 - North Texas Blvd bridge demolition this weekend
2016/4/28 - DCTA to conduct mock disaster drill with Lewisville
2016/4/28 - Visual Art League update
2016/4/28 - Updated: Police investigate McGoys Marine for theft, announce town...
2016/4/27 - Video: Lewisville ISD candidates use forum to talk about issues, q...
2016/4/27 - Avanti Senior Living at Flower Mound to host welcome events with s...
2016/4/26 - Lewisville's emergency management team watches storms
2016/4/25 - Students to compete in Rotary speech contest
2016/4/25 - Journey to Dream to open shelter for homeless teens
2016/4/24 - Briefs for 4/24/2016
2016/4/23 - STAAR: All for the love of testing
2016/4/23 - Police department promotions, changes due to expected growth
2016/4/23 - Pets of the week
2016/4/23 - Rough week for Farmer softball and baseball
2016/4/23 - Paws in the Park adoption event Saturday, Apr. 23
2016/4/23 - Lake Park won't be open for Memorial Day weekend
2016/4/22 - Journal, Gazette team up for LISD candidate forum Wednesday, Apr. 27
2016/4/22 - Calendar of Events: April 23-30
2016/4/22 - Early voting begins Monday in LISD, city elections
2016/4/18 - Updated: STAAR exam vendor fails LISD students
2016/4/18 - Farmers fall in extra innings
2016/4/16 - New car wash makes grand opening splash with free wash and charity...
2016/4/16 - ColorPalooza delights despite dampening rain
2016/4/16 - LHS softball and baseball fortunes reversing
Recent Reader Comments
2016/4/27 17:54 - TAMSA responds to STAAR grading problems. (WhosPlayin)
2016/4/27 12:37 - Re: Lewisville's emergency management team watches s... (jbcglc)
2016/4/22 8:53 - Re: Updated: Police investigate accidental shooting (Anonymous)
2016/4/21 18:38 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/21 7:23 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/20 22:46 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/20 20:44 - Re: Updated: STAAR exam vendor fails LISD students (WhosPlayin)
2016/4/20 18:31 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/20 9:52 - Re: Updated: STAAR exam vendor fails LISD students (WhosPlayin)
2016/4/20 5:54 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/20 1:55 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/19 23:00 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/19 21:30 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/19 20:37 - Re: Updated: STAAR exam vendor fails LISD students (WhosPlayin)
2016/4/19 19:14 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/19 18:55 - Re: Updated: STAAR exam vendor fails LISD students (WhosPlayin)
2016/4/19 18:38 - Re: Updated: STAAR exam vendor fails LISD students (WhosPlayin)
2016/4/19 18:23 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/19 18:13 - Re: Updated: STAAR exam vendor fails LISD students (jbcglc)
2016/4/19 17:51 - Re: Updated: STAAR exam vendor fails LISD students (WhosPlayin)
2016/4/19 16:57 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)
2016/4/19 14:07 - Re: Updated: STAAR exam vendor fails LISD students (Anonymous)

Idea for Raising School District Revenue

Links, Thoughts, and Open Thread
Posted by WhosPlayin on 2010/6/30 10:42:12 (1019 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.

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Other articles
2016/4/28 18:27:54 - Ozone Season Brings Heightened Air Quality Awareness
2016/4/28 17:56:53 - North Texas Blvd bridge demolition this weekend
2016/4/28 14:40:00 - DCTA to conduct mock disaster drill with Lewisville
2016/4/28 13:30:42 - Visual Art League update
2016/4/28 5:00:00 - Updated: Police investigate McGoys Marine for theft, announce town hall meeting for victims
2016/4/27 22:40:00 - Video: Lewisville ISD candidates use forum to talk about issues, qualifications
2016/4/27 14:45:20 - Avanti Senior Living at Flower Mound to host welcome events with sneak peeks of design
2016/4/26 15:00:00 - Lewisville's emergency management team watches storms
2016/4/25 22:54:25 - Students to compete in Rotary speech contest
2016/4/25 21:30:00 - Journey to Dream to open shelter for homeless teens


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