{"id":35798,"date":"2015-05-06T14:02:26","date_gmt":"2015-05-06T18:02:26","guid":{"rendered":"http:\/\/thelehighacresgazette.com\/news\/?p=35798"},"modified":"2015-05-06T14:15:50","modified_gmt":"2015-05-06T18:15:50","slug":"support-the-12-cent-sales-tax","status":"publish","type":"post","link":"https:\/\/thelehighacresgazette.com\/news\/2015\/05\/support-the-12-cent-sales-tax\/","title":{"rendered":"Support the 1\/2 cent sales tax"},"content":{"rendered":"<div>Support the 1\/2 cent sales tax ! \u00a0It works as an overall tax\u00a0<strong><em><span style=\"text-decoration: underline;\">DECREASE.<\/span><\/em><\/strong><\/div>\n<div><\/div>\n<div>How? By paying cash for new buildings, eliminating financing and interest expenses, the cost to taxpayers is literally half.<\/div>\n<div><\/div>\n<div>A new high school will take $50 million to develop. A 1\/2 cent sales tax will generate $51 million each year. But since visitors pay 25% of all sales taxes, the cost to Lee Residents will be $37.5 million. Financing that same building over 20 years at 5% has a cost today of $72.4 million..paid with property taxes!<\/div>\n<div><\/div>\n<div>The School District already has $448 million in debt on the books from financing past schools and this is a real problem. The surest way to reduce expenses for the district is to become a &#8220;Pay as we go&#8221; program.<\/div>\n<div><\/div>\n<div>George Fox<\/div>\n<div>Member LCSD Finance Advisory Committee<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Support the 1\/2 cent sales tax ! \u00a0It works as an overall tax\u00a0DECREASE. How? By paying cash for new buildings, eliminating financing and interest expenses, the cost to taxpayers is&hellip; <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60,61],"tags":[],"_links":{"self":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts\/35798"}],"collection":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/comments?post=35798"}],"version-history":[{"count":0,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts\/35798\/revisions"}],"wp:attachment":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/media?parent=35798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/categories?post=35798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/tags?post=35798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}