3 ms·
6.5% of $250K x 25K = $406M/yr, It only takes a minute or two verify that $250K is a completely unrealistic estimate for the average salary of a likely HQ2 emp
by drugme 8y ago
6.5% of $250K x 25K = $406M/yr,
It only takes a minute or two verify that $250K is a completely unrealistic estimate for the average salary of a likely HQ2 employee. In fact the state's own estimate is around $150k. The property tax estimate is similarly skewed -- on top of the fact that you're ignoring the additional cost of services to support all these people.
I'm not saying there's benefit-to-cost ratio argument to be made in favor of HQ2 (if everything were to boil down to those terms) -- just that you seem to be, well... pulling numbers out of the air.
- elamje 8y agoWhat services will cost more for the city? Public transportation will have a ridership subscription boost, property values will go up for local owners, service businesses will have ~25k more potential customers...
- drugme 8y agoWhat services will cost more for the city? The usual costs per new resident (that property taxes are normally earmarked for) perhaps?
- elamje 8y agoI understand your concern about pulling the numbers out of the air, but I think the commenter above made a stronger case for those numbers than you have with the "cost" numbers. Just a thought to consider
- jowiar 8y agoFor some cities 25k is a big deal. For NYC it’s rounding error. NYC is big enough to have a healthy relationship with Amazon, and part of that is knowing is that you’re the seller, not the buyer.
- drugme 8y agoFor some cities 25k is a big deal. For NYC it’s rounding error. The point is that the gain in revenue from income and property is being presented as basically just "free" money. It's not.