4 ms·
This is a company asking a city, that will see no income taxes from the at most 2,000 employees, permission to pay zero taxes at all to the city in exchange for
by hardolaf 6y ago
This is a company asking a city, that will see no income taxes from the at most 2,000 employees, permission to pay zero taxes at all to the city in exchange for the honor of housing a future EPA Super Fund site. Sure, the city will get some sales tax revenue from the 2,000 who will almost assuredly live outside of the city. So they'll get what, 6.25% of a $10 lunch from maybe 30% of workers per day? So they'll expect about $100k/yr in tax revenue in exchange for more road utilization and a future EPA Super Fund site. That doesn't seem like a good deal for the city. And that's assuming 100% of the sales tax goes to the city which it doesn't. Most of that goes to the county and state.