However,
in my view, the Town is not well-served by having a Council that is limited to
individuals who pay property taxes. Here are some facts that support my
position.
While
property taxes are one source of income for the Town of Castle Rock, it's
important to note that property tax income will be less than one percent of the
total funding estimated for the Town in 2012. By contrast, sales tax revenue is
28.5 percent of the Town's estimated 2012 revenues.
Further,
if the standard of "who pays" is applied to Town Council candidates,
then very few people would qualify to serve on the Council. For example:
· Impact
fees produce seven times as much revenue for the Town as property taxes.
However, impact fees are paid by developers, not residential property
owners.
· The
Town takes in about three times as much revenue from motor vehicle taxes as
from property taxes. Motor vehicle taxes are paid by individuals who buy a car
in Castle Rock.
· The
Town brings in about twice as much revenue from franchise taxes as from
property taxes. However, only utility companies, such as the cable companies,
pay franchise taxes.
If the
objection raised above is taken to its conclusion, who could run for Council?
Only developers who own a home, who own a utility company, and who bought a car
in Castle Rock in the past year? I hope that sounds as absurd to you as it does
to me.
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