Our friends on City Council today gave away another million dollars. From KVIA:
Construction on a new $16 million development project in northwest El Paso is set to begin this summer.
. . .
At Tuesday’s city council meeting, representatives voted to approve an incentive package of $1,314,414 for the project. It includes a $557,000 rebate on property taxes and a $717,000 sales tax rebate.
Makes you wonder how anything ever got built here in El Paso without tax rebates.
Of course this development will provide dozens, possibly hundreds, of well-paying service sector jobs, from teenagers scooping ice cream and frying potatoes in the food court to young adults hawking shoes and electronics in one of the retail outlets.
I suppose this was our outgoing City Representatives’ last chance to do something for their benefactors before they ease back into the private sector.
Remember how all the amenities are supposed to attract businesses to flip the burden of property taxes from homeowners to commercial property owners? I have to wonder how holding those opposing ideas doesn’t fuse some neural circuits in our city “leader’s” brains. But I guess that would only happen if they actually believed what they said.
In the words of Martin Luther King, Jr., “This country has socialism for the rich, rugged individualism for the poor.”
Or, as we say in El Paso, “This city has tax rebates for the rich, and taxes for the poor.”