Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Sectoral mutual funds lose sheen — Inflows & folio additions plunge as investors seek diversification – Mutual Funds News
    • These multi-cap mutual funds have delivered up to 21% five-year returns
    • Best ELSS funds in 2026: Motilal Oswal, SBI, or Quant — who topped 3- and 5-year return charts? – Mutual Funds News
    • Should investors bet on metal funds in 2026 amid geopolitical crisis, rising commodity cycles?
    • PPFAS to HSBC, Kotak: 62% equity mutual funds outperform Nifty 50 in brutal Q4 selloff – Check top performers
    • Premium Bonds provider NS&I sending letters to 37,500 households from this week
    • Sectoral mutual funds lose sheen – Mutual Funds News
    • SEBI third-party payment proposal for mutual funds explained for investors
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Land bond won’t solve Scarborough’s growth problem
    Bonds

    Land bond won’t solve Scarborough’s growth problem

    October 29, 2024


    On Nov. 5, Scarborough will vote on a $6 million land bond. It is being pitched as a solution to the runaway growth that a clear majority of residents strenuously object to. Before voting on Question 3, it’s important to understand what the land bond can and cannot do.

    Scarborough is rich in natural resources, and we all value them highly. Proponents of the land bond claim it will “protect our land and water.” But what does that claim really mean and how would it be accomplished?

    Prime development parcels in Scarborough now sell for up to $100,000 per acre. It is unrealistic to think that taxpayers can outbid developers on enough land to protect the quality of our land and water. The town and its taxpayers simply cannot afford to buy our way out of the runaway growth spiral created by town leaders.

    A more practical solution would be for town leaders to take meaningful steps to control growth and protect our natural environment.

    Creating effective zoning and growth ordinances would be the obvious place to start. The town currently has 600 pages of zoning ordinances that meticulously detail restrictions on matters such as signage and parking. Our ordinances can and should be strengthened to protect our land, water and incredible marsh.

    As part of a renewed commitment to conserving the best of Scarborough, our leaders also need to learn how to say no to developers. That doesn’t happen often enough now. Town leaders need to adopt an approach that values preserving our natural world over the desires of developers.

    In addition to recognizing the critical need for stronger environmental leadership, voters should be aware of three other aspects of the proposed $6 million land bond.

    First, taxpayer funding of conservation through land bonds is very uncommon in Maine. In the past 28 years, only nine Maine municipalities have issued land bonds. And – with $7.5 million of previously issued land bonds – Scarborough is tied with Falmouth for the most bonds issued. Private donations to local land trusts are far and away the most common method of funding local conservation efforts. Scarborough needs to join the mainstream and lift the financial burden from local taxpayers.

    Second, the land bond may be used for several purposes other than conservation. Among others, they include “to support recreation” and “to expand existing conservation or public areas.” These vague guidelines could allow the Town Council, by majority vote, to make major property purchases for decidedly non-conservation projects, such as new school athletic fields or the land for a community center/pool.   Such purchases would not require voter approval as they otherwise would.

    Finally, the proposed land bond forces all taxpayers to support a specific charitable cause over others that they may prefer. While land conservation is a worthy cause, there are many others that individuals may choose to support – health, education, religious or civic organizations. This forced donation is particularly challenging for those residents who are unable to afford to make any donations. If Scarborough followed the model of the vast majority of other Maine cities and towns and supported conservation by private donations and grants to the Scarborough Land Trust, this issue would disappear.

    We strongly support local conservation. But we, the members of SMARTaxes (Scarborough Maine Advocates for Reasonable Taxes), believe the $6 million land bond is an impractical, ineffective and unfair approach. A strong leadership commitment to conservation accompanied by robust and strictly enforced land use ordinances will provide the most effective and affordable means to limit Scarborough’s growth and protect our land and water.

    We urge a “no” vote on Question 3 on Nov. 5.

     

     

     

     

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Premium Bonds provider NS&I sending letters to 37,500 households from this week

    May 28, 2026

    Banco Santander and NatWest sell record AT1 bonds with 10-year calls, locking in cheap capital

    May 28, 2026

    Corporate bond sales cross the Sh100 billion mark for first time

    May 27, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Sectoral mutual funds lose sheen — Inflows & folio additions plunge as investors seek diversification – Mutual Funds News

    May 29, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Sectoral mutual funds lose sheen — Inflows & folio additions plunge as investors seek diversification – Mutual Funds News

    May 29, 2026

    Sectoral and thematic mutual funds, which attracted significant inflows in FY25, witnessed a sharp slowdown…

    These multi-cap mutual funds have delivered up to 21% five-year returns

    May 29, 2026

    Best ELSS funds in 2026: Motilal Oswal, SBI, or Quant — who topped 3- and 5-year return charts? – Mutual Funds News

    May 28, 2026

    Should investors bet on metal funds in 2026 amid geopolitical crisis, rising commodity cycles?

    May 28, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Lokesh Seeks Investments from US, Holds Meet in San Francisco

    October 27, 2024

    El Paso Election: Hospital District (UMC El Paso) bond proposal

    October 19, 2024

    Vanguard lance son septième ETF obligataire activement géré

    June 11, 2025
    Our Picks

    Sectoral mutual funds lose sheen — Inflows & folio additions plunge as investors seek diversification – Mutual Funds News

    May 29, 2026

    These multi-cap mutual funds have delivered up to 21% five-year returns

    May 29, 2026

    Best ELSS funds in 2026: Motilal Oswal, SBI, or Quant — who topped 3- and 5-year return charts? – Mutual Funds News

    May 28, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.