Why is the City considering this incentive now?
  • In much the same way this city competes with other cities for businesses, Louisburg also competes for people.  A common statement has been in regard to the character of this community, and a desire not to lose that character.  That is a desire at all levels.  The reality is that Louisburg is still competing for people.  Any other city similarly situated that allows for building and sale of more affordable houses, all things being equal, will stand to attract more population versus this city.  A lack of growth will always run the risk of overall stagnation, and eventual decline of population.  A declining population will no doubt present additional costs to the remaining population/tax base.

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1. What are Rural Housing Incentive Districts?
2. Why are RHIDs being considered?
3. What does this proposed incentive cost current taxpayers?
4. Are there other potential costs that will increase my property taxes?
5. What about burden on, or capacity of, utility systems?
6. The City will lose out on a lot of taxes over 15 years.
7. Why is the City considering this incentive now?
8. How will the City benefit from growth?