Saturday, January 20, 2007

Give me taxpayer money or I will hold my breath

Sheesh.....these real estate developers are absolutely shameless in begging for the taxpayer's money.  "TIF" financing is where the developer gets to keep the money he would have paid in taxes and use it to pay off his debt, i.e., increase his equity. Meanwhile, all the other taxpayers have to provide the taxes he would have paid. It is a ripoff of the taxpayers, plain and simple and yet our elected officials continue to fall for the threats....unbelievable.

Link

"This is not to say I wouldn't develop without (TIF), but it certainly gives me pause about the development," Langfelder said.