Wednesday, February 28, 2007

The Streams are Blocked...


Ya'll are just not paying enough in fees and taxes on those fully financed homes. Time to ante up people - pony up that cash, the streams aren't running.

As reported at the Calveras Enterprise, the County's housing revenues hit slump.

A total of $2.2 million from fees was projected during final budget hearings last September.
“Fees collected may be impacted by the current moratorium on new developments,” the report said.

“This could continue to impact this revenue stream through the end of the year.”
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Taxes collected from property sales in Calaveras were at 37 percent, or $316,766, but should ideally be at 50 percent for the mid-year point.

This is a dramatic change from last year, when the county saw a 30 percent jump in home sales above what was anticipated.
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Employee wages and benefits, which take up a large chunk of the budget, will be negotiated for the Calaveras County Sheriff’s Department and non-safety employees in the coming months.
In August 2006, county workers got a one-time 3.5 percent and additional 4 percent pay increase for the year, as well as health benefit increases.

This, along with department staff changes, totaled to more than $1.7 million of the general fund.

With an unstable housing economy, county supervisors will have to wait and see how next year’s finances will turn out.

“Do I think the revenue (from home sales) will be what they were? No,” Callaway said. “That’s why the budget is one of the more critical things the Board of Supervisors does in any county.”

In regards to the Building Department, she said, “If fees are low in relation to what it costs to manage the department, the county is going to have to bite the bullet and raise fees.”

1 comment:

ratlab said...

In a similar vein, the city of Plymouth has approved of $20K in developer fees for each new SFR built.

http://www.ledger-dispatch.com/news/newsview.asp?c=206182

Plymouth people. I know Plymouth. Unless you're building a McMansion in a vineyard and $20K is a drop in the bucket, $20K in developer fees is going to make developers think twice before building there.