MEMPHIS, Tenn. — Believe it or not, Memphis often makes it on the short list when companies are looking to set up shop. The Chamber of Commerce will tell you that’s because of the city’s tax incentive package. And they will tell you that because they are full of Sh!$, pardon me, did I say that???
Dexter Muller said, “All of these cities start to look the same. They are making the decision on where they are going to go, and the pilot is usually the determining factor.” Huh??? Really??? It's the PILOT that makes the difference... who knew? I thought it might have something to do with failing schools of which you(Memphis) dissolved the charter mainly because you are broke, or out of control crime, or HIGHEST taxes in the state, or unwelcome business climate with regulations out the wazoo but no, it's the PILOTS you say, well, you keep telling yourself that, whatever it takes so that you can sleep at night...
The chamber just released a video and hopes it spreads across the city. It explains why the payment in lieu of taxes program, also known as PILOTs, is so important. Honey, we don't need no stinkin video to tell us why YOU think that PILOTS are MUY IMPORTANTE! we already understand the whole pay to play strategy and just for FYI, Memphis already doles out a lot of PILOTS...Austin ,Tx a growing and thriving city...they have TWO!
City workers blame these PILOTS as one reason the city is hiking health care premiums and cutting benefits for some retirees. I can understand the desire to blame the PILOTS for this but the truth is your elected officials have been spending your money on a whole slew of other things. The truth is the PILOTS are keeping a lot of businesses from relocating to a lower taxed state but you see the solution to that would be to LOWER the tax rate. That way, even small businesses who DO NOT RECEIVE PILOTS can get in on the the action and guess what? More Growth, more profits and wallah... more tax revenue!
Memphis Police Association President Mike Williams said, “A lot of the businesses may not be bringing anything to the table other than, they provide jobs.” I love you Mike Williams but with out jobs, there is no tax revenue. Profits and jobs are a good thing, we need more of them and reducing the tax rate would create more of both....
But Muller argues without those jobs there wouldn’t be any money coming in to help boost the city’s budget. He says big and small businesses can take advantage of the cuts and bring in hundreds or thousands of jobs. Oh Muller, if only you would lobby for the appropriate things. PILOTS allows for central planning addicts to dole out favors to their friends when the little guys get no breaks! You are interfering with the free market and if you would just lobby for LOWERING taxes, I might could take you seriously.
“We’ve got 180,000 people here living in poverty. we have got to do something about that. It’s not fair to those people to not bring in those jobs. The PILOT program is a critical part it what it takes to do that.” Awwww here's Muller caring about the little guy ...NOT! You have it backwards, you have to fix what's wrong with the city 1st. That will be what brings the jobs. CRIME, EDUCATION, LOWER TAX RATES....THAT IS ALL!
Muller pointed to the Mitsubishi Plant in South Memphis. Before the company came in the city collected $40,000 from the plot of land. Now it collects $700,000 annually, and brought in 200 jobs.
Muller says without big tax incentives, those jobs and property tax money would be in Texas right now. Yes who has LOWER taxes than we do.....GET IT???
While Williams admits that may be true, he believes the incentives last way too long.
“A lot of cities give businesses pilots for three to five years. We’re issuing 10-, 15-, 20-, 30-year pilots. That is crazy!” We are agreed on that!
City Council members say the pilot program may be cut in the future.
Chamber officials say they are on board with fixing the city’s financial situation because it doesn’t matter how many tax incentives they offer no company wants to move to a city that’s on track to be the next Detroit. Probably the most profound statement of the whole article.....