Early Voting Starts Monday
Open in new window
Early voting starts Monday, October 20th, and ends Friday, October 31st.. For more information...
Recent News and Opinion
2014/10/21 - KLB to Host Trinity Trash Bash Waterway Cleanup and Recycling Even...
2014/10/20 - Texas DSHS reports Texans Cleared from Ebola Monitoring
2014/10/19 - Sunday Night Update
2014/10/18 - Updated: Lewisville Loses Appeal on Sex Offender Ordinance
2014/10/18 - Early Voting Starts Monday for November 4th, 2014 Election
2014/10/17 - Updated: Lewisville Police Seek Help Finding Serial Attacker
2014/10/17 - Parents on Edge After Newspaper Misreports LISD Ebola Letter
2014/10/16 - So much news, so little time...
2014/10/15 - Crime Updates from Lewisville Police Department
2014/10/4 - Saturday Morning Update - Yom Kippur Edition
2014/9/30 - Ebola Case Confirmed in Texas Patient
2014/9/29 - Crime and Accident Updates from Lewisville and Flower Mound
2014/9/27 - Shooting Victim Dies from Injury
2014/9/26 - Lewisville Western Days 2014 - Music and Much More!
2014/9/24 - Updated: Man Shot on I-35 in Lewisville Tuesday Night; Police Catc...
2014/9/22 - Misheard Word Results in Viral Facebook Post; Man Falsely Accused ...
2014/9/22 - Lewisville Steps Back from Enforcement on Fence-Staining Ordinance
2014/9/21 - Where's My iPony?
2014/9/21 - Sunday Morning Update - Western Week Edition
2014/9/20 - FBI Seeks Public Help Identifying Bank Robber
2014/9/15 - Monday Morning Update - September 15th
2014/9/12 - Symphony Opens Season with Russian Pianist
2014/9/10 - Chief's Weekly Update: Police Investigate on Bank Robbery
2014/9/8 - Lewisville To Spray Again for Mosquitoes Monday and Tuesday Nights
2014/9/8 - LISD Board to Discuss Bus Cameras, Hear LHS Campus Info, and Appro...
Recent Reader Comments
2014/10/18 10:39 - Followup Letter from LISD (WhosPlayin)
2014/10/18 9:34 - Re: Parents on Edge After Newspaper Misreports LISD Ebola... (Anonymous)
2014/10/13 10:31 - Re: Wish my Prius did this (Anonymous)
2014/10/2 0:01 - Re: Misheard Word Results in Viral Facebook Post; Man Fal... (Anonymous)
2014/10/1 9:33 - Re: Misheard Word Results in Viral Facebook Post; Man Fal... (Anonymous)
2014/9/29 12:46 - Re: Updated: Mother Found Shot Dead in Her Lewisville Hom... (Anonymous)
2014/9/27 17:55 - Re: Misheard Word Results in Viral Facebook Post; Man Fal... (Anonymous)
2014/9/26 12:35 - Re: Misheard Word Results in Viral Facebook Post; Man Fal... (Anonymous)
2014/9/25 10:45 - Re: Misheard Word Results in Viral Facebook Post; Man Fal... (Anonymous)
2014/9/21 16:21 - Re: Monday Morning Update - September 15th (fvaughan)
2014/9/21 11:41 - Re: Monday Morning Update - September 15th (WhosPlayin)
2014/9/21 4:13 - Re: Monday Morning Update - September 15th (RNeil)
2014/9/17 18:53 - Re: Monday Morning Update - September 15th (WhosPlayin)
2014/9/17 0:08 - Re: Monday Morning Update - September 15th (Anonymous)
2014/9/16 23:28 - Re: Monday Morning Update - September 15th (RNeil)
2014/9/10 23:24 - Re: LISD Board to Discuss Bus Cameras, Hear LHS Campus In... (Anonymous)
2014/9/10 20:02 - Re: Letters: Problem with STAAR is Ownership (Anonymous)
2014/9/10 14:55 - Re: Letters: Problem with STAAR is Ownership (Anonymous)
2014/9/9 23:41 - Re: LISD Board to Discuss Bus Cameras, Hear LHS Campus In... (Anonymous)
2014/9/9 23:40 - Re: LISD Board to Discuss Bus Cameras, Hear LHS Campus In... (Anonymous)
2014/9/9 20:24 - Re: LISD Board to Discuss Bus Cameras, Hear LHS Campus In... (Anonymous)
2014/9/9 18:24 - Re: LISD Board to Discuss Bus Cameras, Hear LHS Campus In... (Anonymous)

Idea for Raising School District Revenue

Links, Thoughts, and Open Thread
Posted by WhosPlayin on 2010/6/30 10:42:12 (738 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
2014/10/21 19:50:00 - KLB to Host Trinity Trash Bash Waterway Cleanup and Recycling Event November 15th - LTJ Forming Team
2014/10/20 7:14:55 - Texas DSHS reports Texans Cleared from Ebola Monitoring
2014/10/19 21:51:40 - Sunday Night Update
2014/10/18 20:20:00 - Updated: Lewisville Loses Appeal on Sex Offender Ordinance
2014/10/18 8:32:49 - Early Voting Starts Monday for November 4th, 2014 Election
2014/10/17 16:30:00 - Updated: Lewisville Police Seek Help Finding Serial Attacker
2014/10/17 7:40:00 - Parents on Edge After Newspaper Misreports LISD Ebola Letter
2014/10/16 0:15:06 - So much news, so little time...
2014/10/15 7:30:00 - Crime Updates from Lewisville Police Department
2014/10/4 9:23:36 - Saturday Morning Update - Yom Kippur Edition


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