EFI Moving?

[AmantiDelLago]

Originally Posted by Lakemamma

We sure will be losing a lot when they move. The amount of people that will be selling there houses due to they won't want that communte. So more kids not in the school systems, taxes go up.

I'm not quite sure I follow. The houses will still be there and taxes will have to be paid on the property. If there are fewer kids in the school why would taxes go up? If there were more kids in the schools I would think that taxes would increase due to more classrooms needed and more school staff.

[Lakemamma]

Originally Posted by AmantiDelLago

I'm not quite sure I follow. The houses will still be there and taxes will have to be paid on the property. If there are fewer kids in the school why would taxes go up? If there were more kids in the schools I would think that taxes would increase due to more classrooms needed and more school staff.

Not sure you have been reading the papers lately but Meredith is losing people here full time. The school numbers are going down. Yes the co will still pay taxes but losing a big industry like that effects all that live full time there is less people spending money at grocery stores, less money at restaurants.

[JADAQ]

Not to worry, I work there and the majority of people aren't going to do the commute. Half the employees don't even live in Meredith anyways and actually some live further north and won't do the commute do to the fact good old EFI is NOT giving any pays increases what so ever even if you stay on board. Good luck to them as there will be a lot of great talent lost.

[tummyman]

So how do you effectively pursue other opportunities ? Maybe the answer is that all the employees who do not move, work to form their own business where they become contractors for EFI and operate out of Meredith. Could help solve a business issue for EFI and retain talent. Need to look forward and identify what opportunities you may have to capitalize on the talent that is being left behind. Is there a competitor that could benefit from our talents ? Now is the time to get creative.................

[AmantiDelLago]

Originally Posted by Lakemamma

Not sure you have been reading the papers lately but Meredith is losing people here full time. The school numbers are going down. Yes the co will still pay taxes but losing a big industry like that effects all that live full time there is less people spending money at grocery stores, less money at restaurants.

Could you please explain your statement about less children in school meaning that taxes would increase.

[wifi]

Originally Posted by AmantiDelLago

Could you please explain your statement about less children in school meaning that taxes would increase.

I'll make a guess There are certain fixed costs to school systems, like heating, cooling, maintenance of the buildings, so if there were less families to pay the taxes for this, the more it costs those that stay. Of course, there is a time where people might pay taxes to keep properties they own, then becomes a point they won't throw good $ after bad, and the town will tax deed it to themselves. Anyway, minor problem, lots of for sale homes lead to declining prices: lots of ways to look at this.