No, not Erectile Dysfunction. That’s a separate discussion all together.
The City’s Economic Development policies are designed to push the property tax burden onto homeowners, renters, and existing small businesses.
The City tries to attract new businesses to El Paso by offering them tax incentives. That is, giving them a break on taxes so they won’t have to pay the onerous taxes all the rest of us suffer through.
So who do think is taking up the fiscal slack for all those new businesses the City is trying to attract?
Homeowners, renters, and existing small businesses.
Sure, we might get some swell jobs out of it. And that helps. Those swell new jobs especially help the people that get the work. And god bless them.
But the truth is that when the City attracts a new business to El Paso through tax incentives, all the rest of us have to work a little harder and pay a little more to absorb those tax incentives.
With our soaring property taxes, you better get used to living with a little less.
It’s the new normal.