$70 Million in New Buncombe County Debt

Your elected County Commission representatives think that the county should borrow $40 million for “the capital costs of housing to benefit persons of low or moderate income.”  Additionally, they want to borrow another $30 million for the “acquisition and improvement of land or interests therein for conservation and protection of natural resources and preservation of farmland, including but not limited to, the development of greenways and trails for recreation purposes.”   

During their June 7 regular meeting, they will pass a resolution to add two measures to the November 8 general elections ballot.  These measures would authorize them to issue general obligation bonds and levy a tax upon Buncombe citizens to repay the principal and interest.

Will these people ever stop looking for reasons and ways to spend our money?  Is it fiscally responsible to borrow $70 million for items on the commissioners’ wish list as the Fed raises interest rates in hopes of controlling inflation that was arguably caused by reckless federal government spending?  Are we interested in paying more and more in taxes so that these elected officials can pat themselves on the back for solving affordable housing and climate concerns?

Of course, we have until November before we NEED to raise our voices against these new taxes.  Although, nothing says that we can’t start raising concerns with our neighbors and our elected representatives over the government’s continued attempts to transfer wealth from those who have worked to build it to those who haven’t.