Saturday February 10th, 2007 home > features > community
featured news and informative articles by local authors Signal Mountain Town Web Site
Site Map
Contact Us
Sponsored Links
Tennessee Land
Mountain City Realtors
The Grapevine
Push Hard Lumber
Land For Sale
Town of Signal Mountain
Official town council meeting minutes
Town council meeting notes
Signal Mountain Town Budget
Signal Mountain Public Library
Signal Mountain Recycling Center
Signal Mountain Post Office
Signal Mountain Emergency Services
Signal Mountain Utility Services
History of Signal Mountain
Just for Kids
Community Interests
Signal Mountain Newcomers
Signal Mountain Historic District
Signal Mountain Recreation & Sports
The Signal Mountain Baptist Church
St. Augustine Catholic Church
Signal Mountain Bible
Signal Mountain Church of Christ
Signal Mountain Presbyterian
St. Timothy's Episcopal
Wayside Presbyterian
Signal Crest United Methodist
Church of Jesus Christ of Latter Day Saints
signal mountain

Community    |    Articles of interest to the community.

this will open the article in a new window that is printer friendly. printer-friendly version
published on 01/25/2007

A “Win-Win” Situation for the Entire Community

Founders Fund

Important points to consider:

1.In 1999, the Towns of Signal Mountain and Walden passed a 1/2 cent sales tax referendum to "raise money for the construction of a public high school on Signal Mountain." This referendum passed by 465 votes, 69% to 31%.

In 2004, the Town of Signal Mountain passed a referendum that issued bonds of $7.7 million “...for the construction of a high school and middle school building project...” that are payable by a property tax, and that this debt “...MAY be supplemented by proceeds from the 1999 one-half cent sales tax OR other revenues presently collected within the Town of Signal Mountain.” This referendum passed by 271 votes, 55% to 45%. Please note that the language in the quotations above was crafted to be left open to interpretation. The initial money collected from the ’99 sales tax referendum was not used to pay down the debt, but to lower the amount of money that needed to be borrowed to $7.1 million.

2. If the currently held and future sales tax money is used for bond repayment, it would do very little to reduce current property tax bills. This money would shorten the length of repayment, but individuals and families would not realize a tax reduction for another 10-15 years (whenever the bond is paid in full). We believe that funding current critical needs would provide the greater return on the sales tax money, helping us achieve the goal of a national quality high school. The Town would be given credit for supporting the school, and the citizens would have access to a wonderful facility that would foster community spirit. We are not talking about "extras" here, but items that are a critical part of any functional high school.

3. The mountain’s citizens voted to tax themselves not once, but twice: because we wanted a world-class community middle and high school here on the mountain. Does it make sense to pay off the debt a little more quickly, when we can instead choose to create a high school of national reputation that will truly "complete our community" and help bring us back together?

If would like to contribute and/or attend an informational party, please talk to someone on the Founders’ Fund Board, or send an e-mail to .

Please if you would like to contribute or find content that is inaccurate.

Valid XHTML 1.0!