Middletown Enterprise Zone Tax Abatement

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   In regards to the news today that Accurate Converting may lose its abatement is this the time to raise taxes on a struggling company? Or conversely should we be looking to eliminate more abatement?

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arwendt Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: May 17 2007 Location: United States Status: Offline Points: 588	Post Options Post Reply Quote arwendt Report Post Thanks(0) Quote Reply Topic: Middletown Enterprise Zone Tax Abatement Posted: Mar 16 2009 at 9:11am
	In regards to the news today that Accurate Converting may lose its abatement is this the time to raise taxes on a struggling company? Or conversely should we be looking to eliminate more abatement?
	“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.

randy Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Official Joined: Jan 13 2009 Location: Middletown Status: Offline Points: 1586	Post Options Post Reply Quote randy Report Post Thanks(0) Quote Reply Posted: Mar 16 2009 at 10:22am
	arwendt--That is a good question, I am never for the raising of taxes.

spiderjohn Members Profile Send Private Message Find Members Posts Add to Buddy List Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749	Post Options Post Reply Quote spiderjohn Report Post Thanks(0) Quote Reply Posted: Mar 16 2009 at 11:53am
	Then again--this company has not performed as promised to acquire the tax break. Why should others pay the appropriate taxes to subsidize yet another broken promise to the local taxpayer?

swohio75 Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820	Post Options Post Reply Quote swohio75 Report Post Thanks(0) Quote Reply Posted: Mar 16 2009 at 11:57am
	Note it was scheduled to expire at the end of the year anyway. From what I can tell in the past, the city has been very undestanding of economic conditions and how it may be affecting local operations. Take Aeronca for example. I don't believe they have met their original employment estimates. But the city has continued to renew their tax breaks.

Mike_Presta Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Council Joined: Apr 20 2008 Location: United States Status: Offline Points: 3483	Post Options Post Reply Quote Mike_Presta Report Post Thanks(0) Quote Reply Posted: Mar 16 2009 at 12:37pm
	Hmmm...Perhaps it depends upon whether or not the big shots of the company in question are "FoMMF"!!! (Friends of Middletown Moving Forward)
	“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012