According o the Boerne Star (October 9), the Boerne City Council and the County Commissioners are considering giving tax breaks to businesses.
The Star reports: "The council will consider establishing tax abatements as an incentive for current and future commercial property owners to invest in the city. Council members are also set to meet in executive session “…regarding information that the city has received from a business prospect that may locate in the city.”
The article goes on to say, "There have been reports that the city’s sudden interest in a new tax abatement policy is because of an existing manufacturing company that is looking to expand its operations."
There are some individuals in the City and the County who do not believe attracting businesses is necessarily a "good thing." They contend there are inadequate roads, water, and sewage facilities, as well as a fragile aquifer, and a fragile environment.
How do you feel about this issue?
The Star reports: "The council will consider establishing tax abatements as an incentive for current and future commercial property owners to invest in the city. Council members are also set to meet in executive session “…regarding information that the city has received from a business prospect that may locate in the city.”
The article goes on to say, "There have been reports that the city’s sudden interest in a new tax abatement policy is because of an existing manufacturing company that is looking to expand its operations."
There are some individuals in the City and the County who do not believe attracting businesses is necessarily a "good thing." They contend there are inadequate roads, water, and sewage facilities, as well as a fragile aquifer, and a fragile environment.
How do you feel about this issue?
3 comments:
All these issues will be worked out in due time. I trust our elected officials to do the right thing. In the long run, growth is good for everyone.
I would like to have had a tax break, but instead I got a 13% tax increase. Giving tax breaks to businesses to promote growth isn't necessarily a good thing for everyone. For business owners and developers it’s certainly a good thing. For the individual taxpayers, not so good, for in effect they are being forced to subsidize new businesses.
Mike, could you define good growth?
It's always interesting to see what someone means by this comment.
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