Tuesday, September 19, 2006

A new term: Retroactive Tax Abatement

Now I have heard it all, the City of Oak Ridge is giving a fitness business a tax abatement and the fitness center is already in business. Not even a pretense of new jobs or increased economic activity.

From now on you don't even have to promise new jobs, you just need poltical friends in high places and they get you a "retroactive tax abatement."

Can you imagine the line that will form at the next council meeting.