Home | Yearly News Archive | Advertisers | Blog | Contact Us |
|
Friday, April 26, 2024 |
|
Local couple seeks tax break |
Post Reply |
Author | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
Post Options
Thanks(0)
Posted: Mar 26 2017 at 1:48pm |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Local couple seeks tax break to
redevelop
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What A City
MUSA Resident Joined: Nov 06 2009 Status: Offline Points: 115 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As long as it is their money and not taxpayer's money, why not? As soon as one cent of taxpayer money is used, it changes the game.
A 12 year tax abatement seems a tad bit generous doesn't it? Aren't 10 year abatements the standard nowadays? How long has "Assistant"Econ. Dev. Director Alexis Fitzsimmons been here? Where did she come from and what are her credentials? Didn't know the Econ. Dev Director was so busy that he had to have an assistant in this position. Is this department so overloaded that they have to load up at the top to keep up? Everyone's a dam Director of something. And how many subordinates do these "Director's" have who report to them? Doesn't matter whether it's the public or private sector anymore, they award these so-called "Director" level jobs out like candy at Halloween time. Just put a quarter into the machine, turn the knob and out comes a Director's title in a little plastic container. Mercy. It's their money. I hope they have success but it is the downtown area we are talking about here. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nice people
all the best to them! credit to anyone willing to go it with their own $$ 1 full time job by 2018? So---anyone buying property in town should get an improvement abatement based on an "eventual" business opening? fair enough! seems as if the Admin and insiders have quit answering ?s |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
swohio75
MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table below appraised and assessed building value over the last several year.s I don't believe CRA is dependent on job creation so the issue of 1 or 100 jobs is mute.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Job creation ( payroll/personal tax base) should always be a factor in the former downtown area ever becoming a benefit instead of a liability.
Why should businesses be taxed on improvements elsewhere, but not inside today's holy land boundaries? Still-- how many former downtown area projects have met timelines and fulfilled obligations? Seems as if many/most are lagging/non-compliant. The expensive black hole obsession continues and seems never-ending. No surprise or news there... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
swohio75
MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
While I don't have the exact boundaries and don't have time to search at the moment, I do believe the CRA boundaries extend into the residential areas surrounding downtown. Here's some background on CRA. It's not exclusive to commercial buildings. Middletown has a single CRA - that does't mean one or more couldn't be created in the future. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MattR
MUSA Resident Joined: Jan 12 2017 Location: Middletown Status: Offline Points: 201 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Always straight to the point, Ms. Vivian. Well done.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEEKING THE TRUTH
MUSA Resident Joined: Oct 17 2012 Location: United States Status: Offline Points: 62 |
Post Options
Thanks(0)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This is a better way of rewarding investors than free money
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Post Reply | |
Tweet
|
Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
This page was generated in 0.102 seconds.
Copyright ©2024 MiddletownUSA.com | Privacy Statement | Terms of Use | Site by Xponex Media | Advertising Information |