Mar 22, 2008

The worst of both worlds

Once again government is proving it’s self incapable of doing anything both increasing it’s cost. The questions before the general population today is if we should continue with the TIF districts and fund NRP, or let the TIF districts expire next year and return the tax collect authority to the various taxing agencies (ie City, County). If the TIF districts are extended then NRP will get the money earmarked for it, and the city and county will not have the ability to control the funds directly. One idea or the other. It has been an issue of great discussion for sometime now, and has put some elected officials at odds with neighborhood organizations. The answer, since we can get people to agree to either plan let’s go ahead and do both. The legislation backed by the city is to fund NRP and allow both the city and county to open up the tax districts to increases. This is a classic case of getting you coming and going. In a time when Minneapolis has a hard enough time capturing and keeping businesses they decide they want to keep soaking the businesses. Reminds me of the scene from the movie “History of The World part1”. The Roman Senate is debating if they should give tax breaks to the poor, or raise taxes on them. They all agree by stating “_uck the poor”. Well it may not be the poor we are talking about here, but if you own a business in Minneapolis it a case if “_uck the business owners”. Well maybe not, just remember that the businesses normally will pass along increased costs of doing businesses to the customer in the form of higher prices. So, if the “elected” decide to increase the taxes in the TIF districts then the businesses will pass along that increase to you.
We already see the effects of increased taxes to pay for pet projects like the convention center, target center, metrodome, and now the new stadium. These increases, most of the time, have sunset causes in them but they never go away. The question becomes whose is at fault for letting this occur?

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