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Thursday, May 9, 2024 |
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Middletown Enterprise Zone Tax Abatement |
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arwendt
MUSA Official Joined: May 17 2007 Location: United States Status: Offline Points: 588 |
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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? |
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“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
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randy
MUSA Official Joined: Jan 13 2009 Location: Middletown Status: Offline Points: 1586 |
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arwendt--That is a good question, I am never for the raising of taxes.
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spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
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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?
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swohio75
MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820 |
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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.
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Mike_Presta
MUSA Council Joined: Apr 20 2008 Location: United States Status: Offline Points: 3483 |
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Hmmm...Perhaps it depends upon whether or not the big shots of the company in question are "FoMMF"!!! (Friends of Middletown Moving Forward)
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“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
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