SALISBURY — The city of Salisbury is looking for creative ways to address debt and future finances, including establishing Tax Increment Financing (TIF) locations or the flexible use of bonding.
The City Council began a preliminary dialog with brokerage firm Davenport and Company, LLC last Monday, looking for long-term solutions and ideas on how to re-energize Salisbury’s economic drivers.
“The purpose of our conversation today is primarily education to discuss our future as it relates to our debt,” said Council President Jake Day. “We realize that we have a rather significant item in our wastewater treatment plant coming on very soon, and I thought that it would be wise for us to start to have some educational conversations about our debt and our financing structures and options into the future.”
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9 comments:
Great news. Finally this Council is working for the people with progressive ideas and actions.
Anonymous said...
Great news. Finally this Council is working for the people with progressive ideas and actions.
July 18, 2014 at 11:53 AM
You are really one stupid person. It's all a game and your comment is from the inside.
Progressive ideas and actions? Code words for Tax and Spend Democrats.
LOL!
TIF = Developer welfare.
Developers have plenty of money. And a good project will make them plenty more. TIFs only make bad projects more likely to happen, and enslave residents in order to benefit the wealthy few.
Thank you 3:56 PM.
TIF is the Big Daddy of tax breaks for developers. Government gives up taxing the developed property for 20 years while the other taxpayers pay for the roads, sewer and water lines, lights and police and fire services until the TIF expires. It may be an okay thing for development of commercial properties, but it's a loser for residential. And the losers are the taxpayers.
You may be able to attract them with a TIF, but they will leave as soon as that TIF is done.
Just look at history.
Meanwhile, those competing businesses already here and paying taxes won't be able to compete with those who don't. so they, too must find better locations in other states.
You see how the left's ideas only work to destroy with a pretty shiny smiley front to push things through?
TIF is a big mistake. This is what the last owners of the old mall wanted to do. See what happened to the old mall. It doesn't work. All it is, is tax free development while someone gets rich at the expense of tax payers.
Vote Republican
Wicomico County Executive
Bob Culver
Wicomico County Council
John Cannon
Matt Holloway
Marc Kilmer
Larry Dodd
Joe Holloway
Wicomico County Circuit Court Judge
MJ Caldwell
try spending less & abandoning cockamamy ideas for downtown.
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