City That Depends Almost Entirely Upon Property Taxes to Fund City Budget Takes Weird Pride in Making It Hard to Grow Tax Base
Doing nothing is logical alternative when faced with a City unwilling to work toward its own economic best interest.
CITY HALL— The chronically underfunded municipality that has seen an exponential rise in property taxes and infrastructure fees, which have stretched taxpayers to their limits, continues to take a weird delight in making it unnecessarily difficult for taxpaying property owners attempting to invest in the City.
Known regionally for having cumbersome regulations for new development, the City continues to take a perverse pride in appearing to work against its own economic self-interests.
Recently, proposed economic development projects that appear to adhere to the City’s numerous taxpayer-funded studies are subjected to recurrent bureaucratic processes that discourage investment, costing the developer and City money.
Exasperated experts note that those improvements would in turn yield additional tax revenue, to help offset the City’s debt and spending.
Developers rarely opt to build a second project in town, and many property owners accept that doing nothing is the logical alternative when faced with a City unwilling to work toward its own economic best interest.