StanN | Indy Week

Member since Feb 8, 2007




  • No friends yet.
Become My Friend Find friends »

Recent Comments

Re: “Kenn Gardner's treading water

Everyone, including Commissioner Gardner is entitled to the presumption of innocence. However, the public is entitled to a full investigation of the facts. And elected officials need to be held to a higher ethical standard if the public is to trust government. Why isn't there a code of ethics for County Commissioners? Do they all want to be tarred with the same brush? Stan Norwalk, Candidate for Wake County Commissioner

Posted by Stan Norwalk on 09/06/2008 at 10:40 AM

Re: “Financing growth

In your dreams we would have both an impact fee and a transfer tax. True, the impact fee is more specifically focused on new development. But when you sell your ten year old home to Yankee's from CT, (i.e. me, thirteen years ago) aren't you promoting growth as well? As to the choice between the two, the case for the transfer tax is built on two principles. One is sufficiency to make a dent in the huge problems of inadequate revenue for schools, roads and other infrastructure...more billions of $'s than anyone can imagine. Not only will the TT generate 3X the revenue for infrastructure as does the impact fee it will continue to do so as growth+inflation continues over the years. Impact fees always run behind inflation. And in recent years inflation has been a bigger problem than growth. Witness Raleigh's attempts to raise the level established in 1989 - sure they went up last year, but nowhere near the legal level and nowhere near the inflation that has taken place since 1989. This fiscal year the TT would have generated $140 million in Wake, enough to fund $1.4 billion in bonds without a property tax increase. Equivalent to a 20 cent increase in the property tax. A impact fee would generate about $50 million, enough to offset seven cents in property tax. The second principal is the impact on low-income buyers. It doesn't matter if the new residence costs $2 million or $150,000 - the impact fee is the same. Some say let's base the impact fee on the number of square feet. That would help, but it still wouldn't differentiate the fee between the rooftop condo on South Glenwood and a starter home in the far reaches of the county. The square footage differences aren't much but the value is miles apart. Only the TT deals with that. Them that has less, pays less. And to further deal with the impact on the low-income home buyer, the TT could be written so that the first $100 K would be exempt from the tax. Not so the impact fee. The flaw in the TT is that it is a "tax" and the public dreads the word. Somehow the public believes they will not pay the impact fee, only the developers and newcomers...until you want to change addresses within Wake County. Say your family has grown or the kids have moved away. You go to buy a new house and, guess what, you have to pay a second impact fee. The big question is will the developers and realtors allow us to have either an impact fee or a TT. They are the biggest contributors to the NCGA and to the Wake County Commissioners. The big question is does big money rule our law makers. All politicians love to say they are for public schools and education. Judge them by what they do and how they vote. Stan Norwalk Vice-Chairman WakeUP Wake County

Posted by StanN on 06/15/2007 at 12:02 PM

Extra Extra!

Make sure you're signed up so we can inbox you the latest.

  • Weekly Newsletter (Wednesday) - The stories in this week's issue
  • Weekly Events Newsletter - Our picks for your weekend and beyond

Login to choose
your subscriptions!

Favorite Places

  • None.
Find places »

Saved Events

  • Nada.
Find events »

Saved Stories

  • Nope.
Find stories »

Custom Lists

  • Zip.

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation