I'm not from Austin, but IMHO, somebody spending $500m on a development responds to different inducements than a home builder who is spending $150k. Limiting the city governments ability to offer property tax abatements also limits their ability to attract developers. If that is the intent of the proposition, then people should vote for it. If the intent is to correct some perceived unfairness, then I'm not sure that's going to happen. Seems like the city will either come up with some other type of inducement or they will simply be unable to attract new business. In either case, I don't see how the locals benefit (unless limiting growth is the goal).dave_in_austin wrote:There is no more reason to give a property tax abatement to a retail development than there is to a home owner.
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Return to “Austin's Proposition 2”
- Sat Nov 01, 2008 3:04 pm
- Forum: Texas - 2008
- Topic: Austin's Proposition 2
- Replies: 11
- Views: 7669