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ourview: property tax


The reactions from our readers to the front-page stories in the March 31 issue are interesting to say the least.

The idea, or mention, of a property tax, even as a last-ditch effort to balance expenditures and secure the Town’s existence, is not acceptable to many Town residents.

However, there does not seem to be much debate when it comes to the popularity, and need, for the Town’s parks and the upkeep of Farragut streets, with snow and ice removal in the winter months and a vigorous repaving schedule in warmer periods — all paid for with Town dollars mostly generated by local Sales Tax and state shared Sales Tax.

As fuel costs continue to rise — gas pump prices were $3.55 Tuesday — the cost to maintain parks and purchase asphalt and pave streets rises.

When looking for new sources of revenue, the Town should first hold the Economic Development Committee’s feet to the fire to actually develop the Town’s economy. Secondly, the Town should embrace the efforts of the Farragut Business Alliance and Farragut West Knox Chamber in their continued efforts to build business.


Because, at the end of the day, those two organizations bring in new retail businesses, which in turn, generate Sales Tax, our life blood. Isn’t that far superior to even talking right now about a property tax for Farragut?

 

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