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Middletown Enterprise Zone Tax Abatement

Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: Economic Development
Forum Description: Local government efforts to develop the local Middletown area economy.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=1104
Printed Date: May 10 2024 at 2:47am


Topic: Middletown Enterprise Zone Tax Abatement
Posted By: arwendt
Subject: Middletown Enterprise Zone Tax Abatement
Date 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 http://wordsoffreedom.wordpress.com/ - Words of Freedom website.


Replies:
Posted By: randy
Date Posted: Mar 16 2009 at 10:22am
 arwendt--That is a good question, I am never for the raising of taxes.

Posted By: spiderjohn
Date 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?

Posted By: swohio75
Date 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. 

Posted By: Mike_Presta
Date 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)

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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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