Ew tourists… That would be a problem. No thanks!
It’s important to understand, costs have gone up substantially including wake county property taxes, home insurance, and interest rates.
Voluntarily adding a median $500 annual increase for something the median homeowner won’t use? Yeah I understand why it failed.
The bigger question should be, how can one of the wealthiest cities in NC with some of the largest suburban sprawl fee collection per capita not afford to build their park infrastructure with existing tax base?
#strongtowns
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Sorry if I’m misunderstanding, but is your question how did the town not do a better job of incorporating their planned parks funding into its existing tax plans with no raise needed?
I think it would be unreasonable to think such a large investment would be possible without increasing taxes at some point. The bond was $560M for six parks projects in total. That’s a massive sum of money that even a town like Cary can’t just “move things around” to make happen.
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It is a massive amount of money, which is why it failed
Yes, my question is how can a city like Cary not afford to build parks without raising public debt? Speaking from experience, Cary collects dozens of thousands of dollars per single family home in permit fees, tap fees, impact fees, in addition to all of the free infrastructure. Pump stations, underground pipes for water, sewer, stormwater, roads, curb and gutter, stormwater devices like bio, retention cells, etc.
If the finances don’t look great for a town like Cary now, imagine when all of the horizontal expansion slows or stops . There is a Cary- Chatham county joint land use agreement that defines the boundary of Cary’s etj to the West.
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It really failed because it followed up massive property tax increases after reevaluation thanks to both Wake County and Cary. If Cary would have done the bonds first it would have passed. As it was I did vote yes for both bonds but I wasn’t really enthusiastic about it.
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I will add, now that it’s been studied and documented that The highest end of the residential market is generally under assessed relative to the lowest bracket of housing value, Bond finances should have a graduated tax increase schedule. Something like $9 per $100,000 of value under the median value, and $14 per $100,000 value above the median value
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I like this idea, but I can think of a very specific type of person who would love to complain about it.
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A progressive taxation system is definitely not favored by a particular segment of the political world.
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It would be political, but I think that type of proposal would be populist, obviously. Everyone under median value would favor it, and those on the left above median value would likely also favor it.
And some of us that are political right at the federal level, are actually left at the local level. Hence, NC voted for T and Stein simultaneously
But it would have to be coupled with property value assessment reform, or otherwise would further incentive corruption in structure value assessment (renovations, additions, tear downs), to keep progressive property taxes down.
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Watch out @Boltman, Chatham County is heating up!
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I can’t wait to see his complaints when Pittsboro starts being overrun with out-of-staters like Raleigh hahahaha
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This is excellent. We can begin segregating the Disney adults into Chatham County away from civilized society where they can watch children’s movies, post on Nextdoor, and consume corporate entertainment product while the rest of us do interesting things with our spare time.
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That began long time ago. Pittsboro newcomers are mostly the retirement crowd or new home buyers from Chapel Hill, since they don’t build those any more there .
I think you are uneducated to the Disney planned community. Using Disney resources for quality development not so much themed. Plus, Pittsboro will gladly take the demographics that can afford these homes. Enjoy Moore Square!
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Wastewater hook up to Sanford is almost complete. Once that is done expect some of the big commercial developments to get started. Chatham Park has their own system and really is the only entity that has wastewater capacity right now.
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Happily, and you can take Anaheim-meets-Stepford. See, it works! 
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Better than the countless DH Horton neighborhoods in Raleigh. Have they melted yet? Lots of plastic.
So you guys just use Sanford as a big sewer? Makes some sense…
(this was a joke)
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Some nice adaptive reuse of an old building in downtown Cary.
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