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From
Bradbury Township
Mille Lacs County, Minnesota |
Mille Lacs News Since 4/18/07 |
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This is WRONG! |
Tax Abatement Tuesday July 19, 2011
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Tax Abatement: A short term, temporary fix that harms taxpaying citizens over time.
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Friday August 24, 2007
Mille Lacs News Staff Writer Nexus CEO Jim D'Angelo said that if Nexus didn't receive Property Tax Exemption in Mille Lacs County, they were leaving the area. Yet, just days after the announcement that the Minnesota Revenue declared Nexus as not qualifying as a charity and therefore taxable, we learned that Onamia is extending the purchase agreement on the Grosslein/Bye property until January 2, 2008. What does this mean? Is Nexus staying or leaving? Now that property tax exemption is off the table, Nexus may attempt to get tax abatement. The Mille Lacs News has looked into this possibility and it is our opinion that Nexus does not meet the criteria to qualify for tax abatement. But that doesn't mean that they won't try for it anyway. In the next couple of weeks, we will be discussing tax abatement. We'll show you how tax abatement is a bad idea in the long run, how it hurts YOU the Taxpayer, and why we believe that Nexus does not qualify. We hope that you'll keep reading - and keep THINKING! We need to know the truth in order to make informed decisions. |
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Sometimes you don't want your neighbors dropping by.
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NIMBY |
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| From USA Today: Academics say there is little evidence to show that tax breaks have a lasting effect on a local economy. Property tax breaks to manufacturers appear to boost industrial employment for a short time, says University of Nebraska economist John Anderson, a former Michigan economic developer. "But the impact of incentives dissipates quickly, so in a few years, there's no benefit to employment," he says.
Business incentives lose luster for states
By
Dennis Cauchon, USA TODAY
Generous tax breaks given to companies that threaten to
take their business elsewhere are coming under increasing scrutiny from
state and local officials who say taxpayers aren't getting their money's
worth.
Critics say the tax breaks and other financial incentives have gotten out of hand, costing taxpayers billions of dollars and doing little for the economy. "There's an entitlement mentality about tax breaks today," Kansas City, Mo., Mayor Mark Funkhouser says. "Every developer thinks it's his right not to pay property taxes."
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Instead of a rainbow, we will see 3 story buildings full of sex offenders. And they will see us. |
Hannabelle's Blog: Caution: Not for the politically correct.
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Read thisTax Increment Financing: A Bad Bargain for Taxpayers
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The City of Onamia wants Nexus to stay. They talk about jobs. They talk about ... jobs.
Yet, more local people were employed by Heggies. Where were the city leaders with their fancy schmancy tax abatements then? Stop the Bamboozlement Make Nexus Pay! |
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We need smart city government. |
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We need better ideas. |
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