September 27, 2016

— November 15, 2011:  “The Woodlands Incorporation Study: Working Paper #1 FINANCIAL ASSUMPTIONS” (Commissioned by The Woodlands Township) 

— February 10, 2012:  “The Woodlands Incorporation Study: Working Paper #2 FINANCIAL MODEL and RESULTS”   (Commissioned by The Woodlands Township)

This incorporation impact study was commissioned by The Township to project the property tax increase that would be required to cover the estimated costs of incorporation.  The impact study concluded that it would take a 70% increase in the Township’s property tax rate for The Woodlands to incorporate.

— October, 2012:  The Woodlands Future Governance Strategy and Assessment Report”   (Commissioned by The Woodlands Township)

This “Future Governance Strategy and Assessment Report” was commissioned by The Township to test resident opinions on “incorporation;” and to project the property tax increase that would be required to cover the estimated costs of incorporation.  This study reported that it would take 70% increase in the Township’s property tax rate for The Woodlands to incorporate.

— August 3, 2015:  “The Woodlands Township Budget Planning Initiative Summary: Review of Incorporation Cost and Issues”   (The Woodlands Township Staff Report)

This Woodlands Township Staff report confirms and clarifies that incorporation would prompt a 70% increase in the Township’s property tax rate based on “additional services The Woodlands would have to assume upon incorporation.”

— April 21, 2016: Township Staff MEMO to DIRECTORS on Impact of Incorporation Costs on Property Tax Rates (Referenced by Township President Don Norrell in 9.23.16 email to Township Board Members)

According to Township President Norrell, the Township Staff projected the additional cost at incorporation would likely require a minimum 50% increase over the current Township property tax rate. However, the 50% increase in the tax rate would be HIGHER if the Township failed to pass future legislation dealing with its “use” tax revenue.VIEW THE STUDY

— September 22, 2016: Township Staff Report on Impact of Incorporation Costs on Property Tax Rates (Referenced by Township President Don Norrell in 9.23.16 email to Township Board Members)

According to Township President Norrell, the Township Staff revised its April 2016 incorporation cost impact estimates and projected the additional cost at incorporation would likely require a minimum 49% increase over the current Township property tax rate. However, the 50% increase in the tax rate would be HIGHER if the Township failed to pass future legislation dealing with its “use” tax revenue.
VIEW THE STUDY

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