2 ms·
The precedent was set long ago, and if Austin does not take it I can assure you some other city will.. Why, it is easy... a new factory (or a factory expansi
by syshum 6y ago
The precedent was set long ago, and if Austin does not take it I can assure you some other city will..
Why, it is easy... a new factory (or a factory expansion) means more jobs, more jobs means more people, more people means more Home and more secondary businesses all of which the local government will get taxes from.
In principle I agree, but in reality Austin will make more tax revenue from these other properties and business than the amount of the abatement
- chkaloon 6y agoSource? Just like this comment in the story - " Nonetheless, the deal still makes a lot of sense for the state". Numbers, please?
- tooltalk 6y agoSamsung has been around Austin, TX since the late 1990's and invested well over $15B. I think the state and county officials have enough dataset to evaluate whether Samsung's new expansion would benefit their community or not.