After recent discussion about developing a PID policy at the June 2nd City Council meeting I took the initiative to read up a little more on PIDs and put down on paper what the advantages and/or disadvantages are for the community. I approached my look at these financing instruments with some skepticism because of the recent history here in Kyle with home owners that have suffered as the result of a poorly managed program from years ago. Having heard first-hand the challenges these homeowners have faced with a similar program years ago brings to reality that while these may be attractive mechanisms to provide additional infrastructure and amenities, reducing the financial burden on all taxpayers in the city, any PID policy should be carefully written to ensure that mistakes from the past aren’t repeated.
Like quite a few city issues, I often move towards making a list of what I like and don’t like about a particular issue facing the city and I would like to do so now, it generally comes down to two on each side of the issue.
Pros:
