Thursday, April 10, 2014

SC House Signs on to CCSD's One-Cent Sales Tax Extension

Don't you love it when politicians get together to spend Other People's Money? Our state House has now made it possible for voters to approve an extension of the tax for capital building programs in both Charleston and Horry Counties in the next election cycle. Otherwise, those districts might actually have a chance to pause and take stock of whether previous capital expenditures were really worth it.

My favorite statement from Michael Bobby, who is in charge of CCSD's capital program?

"The school could use the money to finance long-term bonds instead of a "pay-as-you-go" system, which they say would reduce the overall cost of projects. They could also use any additional funds generated by the 1 percent tax to reduce property taxes."

In other words, what we really need is long-term debt. And we can promise the voters that we might reduce property taxes. Actually, I've always been a fan of "pay-as-you-go." That must make me old fashioned. If you think this tax will lower property taxes, well, I've got a bridge. . . . Furthermore, sales taxes are the most hurtful to the poor among us, something CCSD Board Vice-Chairman Tom Ducker apparently doesn't mind.

As you read, Superintendent McGinley and Bobby are busy conspiring to dream up a list of "necessary" capital projects that will be of interest to voters in every corner of Charleston County. They've been working on it for months. You get the picture.

Call or email your state senator and tell him or her to vote against this bill if it actually comes to a vote in the state senate! And ask the CCSD Board of Trustees for an external audit of capital expenditures. It's past time.

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