You might no be so pissed off when you wrote that property tax check if your money was going for something you might actually use.
Instead of a ballpark. Instead of a natatorioum. Instead of a trolley.
If, instead, your tax dollars paid for a neighborhood park. Or street maintenance. Or a neighborhood swimming pool, or barbecue grills, or landscaping.
Imagine how nice your neighborhood could be if all your tax dollars stayed in the neighborhood.
That’s what’s going to happen with TIRZ 13, Paul Foster’s new neighborhood out there around the golf course in Northeast El Paso.
You remember. Mr. Foster traded those 44 acres on the freeway for 2,313 acres in Northeast. The geniuses who run the City threw in a Tax Increment Reinvestment Zone just to sweeten the deal.
Right now those 2,313 acres are raw desert, valued at around $18 million. And it’s those $18 million that the City will receive property taxes on till the TIRZ runs out, in 40 years, I believe.
The TIRZ gets to keep the taxes on any improvements that are made on that property. Like Mac Mansions. Like shopping centers. Like restaurants.
Of course, the residents out there will receive all the same benefits the rest of us pay for. Like police. Fire protection. Parks.
The ballpark, the natatorium, and the trolley.
The mayor made the decision to put a TIRZ out there. And your City Council representatives. And the City Manager.
And they didn’t even kiss us.