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T I F Areas Continue To Grow


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#1 Big Bopper

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Posted 25 November 2015 - 12:35 PM

According to the News and Tribune, Sellersburg will create a new Economic Revitalization Area.

This will allow them to offer a huge tax abatement for development.

The article spoke of all of the benefits this will afford the Town of Sellersburg.  The article made no mention

of newly elected councilperson Tina's opinion.  

She has been very outspoken, as has others, in oposition of abatements and TIF zones.

Will she fight this or will she simply ignore the proposal? 



#2 kelley

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Posted 25 November 2015 - 12:41 PM

This probably belongs on the Sellersburg forum.
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#3 Donna

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Posted 25 November 2015 - 01:44 PM

Purty sure Tina won't like them there or anywhere, and with good cause.

#4 Big Bopper

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Posted 25 November 2015 - 04:03 PM

I have been told that she regularly attends the Town Council meetings.

 

You would have thought that the paper would have asked her for her opinion.

Maybe not.



#5 kelley

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Posted 25 November 2015 - 05:33 PM

Tina's wonderful and well-reasoned opinions are terribly unpopular for some reason.
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#6 Quasar

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Posted 25 November 2015 - 07:44 PM

Tina's wonderful and well-reasoned opinions are terribly unpopular for some reason.


Tina scares "status quo" pols to death...

You know how shy she is... we may have to beg her to share her opinion on this matter...
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#7 Tina

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Posted 25 November 2015 - 08:19 PM

I have been told that she regularly attends the Town Council meetings.

 

You would have thought that the paper would have asked her for her opinion.

Maybe not.

 

I'm currently just someone in the audience.  Does the N&T make a habit of asking citizens their opinions?


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#8 Tina

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Posted 25 November 2015 - 08:30 PM

For the record I have never been against abatements and have regularly said I prefer abatements to TIF for a variety of reasons.

 

1) Abatements are a shorter time period (max of 10 years) than TIF.

2) Abatements (ERA) have to be approved at town council meetings instead of redevelopment.  There is more openness in that regard.  (Not that the public can't go to redevelopment meetings, but they just don't.  They don't understand it's still their tax money being spent at RD meetings.  The politicians, newspapers and lobbyists have convinced the public that it's a separate pot that doesn't affect them.)

3) Abatements actually lower taxes, and as a fiscal conservative that's my preference.

 

I dislike when abatements are based on how many jobs a company will bring to an area because that tends to benefit the big over the small.  And small business is the backbone of a community.  Big business often picks up and leaves when the incentives run out.

 

Right now, they're not asking for infrastructure, so I'm ok with the ERA.  My only preference, which I told Rhodes after the meeting, is that if we're going to say an ERA increases the market value of a property then it should be more proactively done rather than reactive.  Reason being, if an ERA supposedly makes land more valuable, then perhaps 2 buyers might have been interested in this parcel and raised the price of the land... which cannot be abated.  At least then market forces would have some play.

 

What makes the land more valuable?  The fact that taxpayers will subsidize.

 

 

 

That said, I dislike the idea that business supposedly can no longer do business without taxpayer subsidies.  I think that's false at its core.  It's just we've trained them to ask at this point.  And critics of the practice, like myself, are not cared for much by those who benefit from them.  A career politician can't afford to take a critical stance without offending the lobbyists.

 

 

just my two cents!


Edited by Tina, 25 November 2015 - 08:35 PM.

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#9 Big Bopper

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Posted 30 November 2015 - 11:32 AM

It seems that you are learning quick.

Time will tell.






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