The Command Post
2004 US Presidential Election
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November 01, 2004
North Carolina | Amendment 1 on NC Ballots

Amendment 1: Constitutional amendment to promote local economic and community development projects by (i) permitting the General Assembly to enact general laws giving counties, cities, and towns the power to finance public improvements associated with qualified private economic and community improvements within development districts, as long as the financing is secured by the additional tax revenue resulting from the enhanced property value within the development district and is not secured by a pledge of the local government’s faith and credit or general taxing authority, which financing is not subject to a referendum; and (ii) permitting the owners of property in the development district to agree to a minimum tax value for their property, which is binding on future owners as long as the development district is in existence.

You will have to make up your minds on this one, folks. This a no spin zone. The only comment I will provide is that I have seen conservative bloggers and DU‘ers against this one, which has failed 2x. But others are for it.



Posted by Porter G at November 1, 2004 08:43 PM | TrackBack
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