COMIDA, taxes and lack of accountability
Check out this article about how to build the upstate economy by Jon Greenbaum of Metro Justice.
The argument is that property taxes are not the major driver of business cost. Then there is this quote from Mayor Bloomberg.
But as billionaire Mayor Michael Bloomberg once put it: “Any company that makes a decision as to where they are going to be, based on the tax rate, is a company that won’t be around very long. If you are down to that incremental margin, you don’t have a business.”
The article discusses the unevenness of COMIDA distributions and the ultimate affect of lowering the tax base in exchange for the promise of jobs and the lack of accountability in achieving those jobs.
It’s a great article (I picked it up over at DragonFlyEye)
Of course you can see RTs COMIDA articles here
There was supposed to have been a second piece of Jon’s article to be released this week, but I haven’t seen it yet. This one is supposed to deal with recommendations for improving NY’s economy that don’t involve giving away the farm. Should be good, he’s a fantastic writer.
[...] we’ve noted before here, and others elsewhere, businesses locate based not on available space or low taxes, but: For his [...]