Coke Cola will leave unless we give them $6 in local tax incentives to create a whopping 43 new jobs.
The cumulative impact of PILOT is impoverishing Chattanooga.
For instance, the total list of PILOT recipients are about 56 of the largest corporations in Chattanooga that pay no or reduced property taxes. Each time a PILOT is issued to a corporation in Chattanooga, the rest of us peasants get a mandated property tax increase to fund the rich corporations share of city and county services.
The real problem is the city and county issuing PILOTs in a first come first serve method, and not examining the cumulative impact of this growing list of 56 not paying their share of property taxes. It is the cumulative list of this corporate welfare giving that is making out city more impoverished by diverting the tax base off the richest corporations onto a diminished working class tax base. Then, the municipalities must delivery government services without additional revenue, who pays for services?
Stop looking at these PILOTS as individual exemptions, and examine the impact of 56 PILOT exemptions.
Also, the application of PILOTs is so biased to large corporations. The Chamber of Commerce has the PILOTs rigged so only a corporation with a $5 million plus investment, with 59 new job creations can access the PILOT property tax exemptions. As a result, small and mid size business is being mandated to subsidize rich big business.
The most troubling aspect of PILOT are the exemptions issued by River City Company, where they used a PILOT for popcorn job creation for the downtown movie theatre they brokered. Every other movie theatre in Chattanooga was required to pay property taxes, but the movie theatre downtown. Really, teenager bagging popcorn was job creation.
The truth of the matter is the PILOT is a corrupt system of picking the corporate winners. If our government is going to deem some businesses as more worthy than others to be exempt from paying property taxes, the job growth should be great, and 43 new jobs does not even meet the Chamber of Commerce PILOT guidelines.
What we are doing with Coke Cola is being held hostage to paying their share of taxes or they will leave. Frankly, I would rather put $6 million into a new school, and call Coke Cola's bluff on leaving.
In any event, if the public is going to be mandated to pay rich corporations share of property taxes, there needs to be claw back provisions placed in the PILOT agreements, and the cumulative impact to the municipal tax based examined, rather than a first come first serve, individual perspective.
A complete over haul of PILOT is needed for tax equity.
The problem of excluding small business, then the city and county do not even follow the program guidelines of job creation.We all want a property tax exemption.
Time to rehash old political buss words, "it takes a village." Why redirect the corporate welfare Chattanooga currently gifts of our tax dollars to meaningful jobs programs, instead of 9 million dollar golf course roads at Black Creek, or tax exemptions for River City movie theatres or stop allowing our government to act as the bank for developers in general.
The number one killer of all times is Democide.
Demand A Real Plan - Disarmament leads to Democide
Whaaaa cry. Recall is a provision in State Law and the City Charter. Why do these provisions exist? Are citizens that are dissatisfied not supposed to exercise the recall provisions. The check and balance is they must get 15 percent of the registered voters to sign on. That is a tall order in my opinion.
jjmez you seem like an angry Obama liberal :-) but then again I don't you either.
I guess since the early 2000's when I worked on the East TN commission on children and youth, and children's legislation for 8 years.
Ron and Rand Paul, love um.
The Elf Who Liked Ron Paul
"Shootings: Where's the cavalry?"
I just cannot fathom how can there be such indifference to children being murdered. It was just months ago a 15 year old boy was found shot to death outside his home, then a 13 year old killed in gun cross fire, then a 16 year old girl shot in the head at the Berke family slum lords facilities at Woodlawn Apartments.
Not my words, the words of the TFP.
Andy Berke has some explaining to do
Yeah right, are you kidding, Robin Smith afraid of different perspectives? I guess that is why she sits at a table with Clay Bennett each Friday night to debate political issues on Tennessee Insider.