Local gov corporate breaks

[Capt Worley PE]

Come see what companies your state gave money, loans, tax breaks, and/or property to!

http://www.nytimes.com/interactive/2012/12/01/us/government-incentives.html

Intesting information.

I wish the states didn't do this, but the horse left the stable years ago on that issue.

It is a neat trick the corporations pulled off. Kind of like getting a bunch of prostitues competing against each other for your budness.

 

[Dexman PE PMP]

There was a huge deal about IKEA coming to Colorado because of such deals. The city where they ultimately built has a building code that essentially prohibits the gawdaful monstrosity of a road sign, but they were willing to waive it because IKEA made it a deal-breaker and the city really wanted the tax revenue...

http://www.9news.com/rss/story.aspx?storyid=189026

 

[nmeaster]

Wow!

Texas spends $759 per person! 51% of their entire budget on corporate giveaways.

That's quite a statement from a red state that believes in low taxes and free markets. I guess they are in the market of recruiting companies.

In contrast, MO gives away $16/capita and less than 1% of the budget.

On another issue. If TX govt spends approx $1400 per capita and there is no personal income tax; where does all that money come from? I really don't know.

 

[jcbabb]

High property taxes are a big source of funds in Texas.

 

[envirotex]

High property taxes are a big source of funds in Texas.

qft

Austin is notorious for providing tax incentives to companies that would probably move here anyway without them...

Apple is a good example. http://www.huffingtonpost.com/2012/04/04/travis-county-apple-tax_n_1402304.html