ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 2, 1993                   TAG: 9304020456
SECTION: EDITORIAL                    PAGE: A-10   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short


MORTGAGING CHILDREN'S FUTURE

DURING our recent presidential election, one candidate's theme was that the U.S. Congress was selling our children's future. On the local level, our City Council seems to be doing the same.

The ever-increasing real-estate assessments are counterproductive to home building and buying.

The $3.45 personal-property rate does the same for the auto and auto-related business.

I doubt the "Hokie Hilton" will ever generate enough in taxes to repay the debt so that our children will not have to pay for the rebuilding.

Council now says the 3-cent increase in cigarette taxes will generate $305,000 a year to pay off the $6.3 million jail debt. My question to council: Have you sold your share of the 27,854 packs per day it will take every day for 20 years to repay the debt? Only 10 years, if you add the motor-vehicle tax. HAROLD L. GIBSON ROANOKE



by Bhavesh Jinadra by CNB