Salisbury, MD – Wicomico County Executive Rick Pollitt’s economic development initiative to decouple the Personal Property Tax, takes an important step tomorrow, Tuesday February 27th as it goes before the Senate’s Budget and Taxation Committee in Annapolis. As president of the Maryland Association of Counties (MACo), Pollitt collaborated with his colleagues around the state and persuaded them to adopt his proposal as a 2013 legislative priority. Pollitt will testify beginning at 2pm in support of this legislation introduced to spur growth and job creation.
County Executive Pollitt first introduced his economic growth plan to expand and diversify the county’s business base by focusing on economic development during the annual State of the County Address in December 2012. This plan, which also includes phasing out the county’s Inventory Tax over 5 years and making the manufacturing tax exemption automatic, constitutes the first phase of a constructive framework that will transform Wicomico County into a growth-promoting business environment.
Pollitt commented, "My initiative to give county governments the flexibility to consider property tax rates separately from personal property, or business, tax rates, is gaining momentum in the General Assembly as a MACo priority. We expect a favorable outcome with this effort to further our goal of aggressive economic development policies that support my bridge to our business community."
Among Executive Pollitt’s goals for implementation include improving the county’s competitive position, attracting new businesses to the county, encouraging entrepreneurship, investing in infrastructure and encouraging businesses to thrive.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
10 comments:
There's the Cookie Monster and a Tax Monster. Pollitt is BOTH! Can't stop eating, can't stop taxing!
Why don't we give credit where credit is due for a change. This is a great step forward for the County. We need business, hence jobs. If we can't fund the core services that we need through property tax revenue, because of the cap, then income tax revenue will have to make up the difference.
This could result in substantially higher real estate taxes for residents and businesses too.
Thanks Rick!
To little - to late. Most all of Salisbury's manufacturing base has vanished. It would have been nice to have implemented this a decade ago.
Let's face it - Pollitt is 'on the ropes' and he knows it. Between the business exodus numbers, declining income tax revenues, eroded property tax base, and, reduced workforce numbers, Pollitt's political future is now in jeopardy.
Anonymous said...
Why don't we give credit where credit is due for a change. This is a great step forward for the County. We need business, hence jobs. If we can't fund the core services that we need through property tax revenue, because of the cap, then income tax revenue will have to make up the difference.
February 28, 2013 at 6:36 PM
Hmmm... is this you Rick or the clown RINO Wayne Strausburg!
actions speak louder than words. promises, promises, promises. yada, yada, yada. we want to see results. the hole is getting deeper. go figure...
Another trick by Rick the Slick --
he knows that business firms make big campaign donations, not the average joes who will pay higher taxes because of special breaks for businesses.
That's right, 8:19. We don't want any breaks for businesses. We don't need their kind here.
some of the stupidity exhibited in this thread is astonishing
10:21, that is very astute of you. Could tell 10:04 was being sarcastic? I doubt 8:19 would get that. LOL.
Post a Comment