Tag: Tax abatements
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Wichita Penalizes Companies Through Taxation
Five years ago, the City of Wichita granted Big Dog Motorcycles industrial revenue bonds (IRB). The benefit of these bonds is that the company escapes paying property tax (and often sales tax) on the property purchased with the proceeds from the bonds. At the December 2, 2008 meeting of the Wichita City Council, the council…
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Downtown Wichita Arena TIF District Still a Bad Idea
Say no to expansion of the Center City South Redevelopment tax increment financing (TIF) District. Remarks to be delivered at the December 2, 2008 meeting of the Wichita City Council. Watch the video here. Mr. Mayor, Members of the Council: It is the case the the City of Wichita is proposing to limit this TIF…
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Does Kansas Economic Development Work?
A commentary by AFP’s Alan Cobb (Yes, but it’s only $1.3 billion) reports that Kansas economic development efforts are not working. Can the same be said about Wichita’s?
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Wichita’s Naysayers Are Saying Yes to Liberty
Wichita politicians, newspaper editorial writers, and sometimes just plain folks are fond of bashing those they call the “naysayers,” sometimes known as CAVE people. An example is from a recent Opinion Line Extra in the Wichita Eagle: An acquaintance in another city refers to the anti-everything people as “CAVE” people (Citizens Against Virtually Everything). I…
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Kansas Giveaways to Wealthy Homeowners
A Wichita Eagle news story (Help with historic houses, July 4, 2008) describes two apparently wealthy College Hill homeowners who plan to benefit from Kansas tax credits. These credits are given to people who own homes that have a historic designation. If you own such a historic house and plan to, for example, replace the…
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Wichita and the Old Town Warren Theater Loan
Remarks to be delivered to the Wichita City Council, July 1, 2008. Mr. Mayor and members of the Council, we are potentially beginning a journey down a road where there are two classes of businesses in Wichita. There are business owners who seek to earn their profit through market entrepreneurship, that is, by meeting the…
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Warren Old Town Wichita Theater: Good Money After Bad?
This letter is from my friend Darrell Leffew. Not everyone seems to understand the folly of throwing good money after bad. “Taxpayers are already on the hook” is Wichita city council member Jeff Longwell’s opinion as expressed in a Wichita Eagle article. Mr. Longwell, I realize you weren’t a member of the council when we…
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Wichita city manager’s warning is too late
Wichita Interim City Manager Ed Flentje issued this warning to the council: “There are in this community much larger businesses with much larger employment who may see this opening as something that will open a door for those businesses to come and say, ‘You’ve done it before, you can do it for us.'” Dr. Flentje,…
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Tax Abatements in Wichita
A few months ago I spoke before this council asking that you not grant a tax abatement. At that time I was told that granting a property tax abatement doesn’t have any impact on City of Wichita spending. I found this quite remarkable, that new homes and buildings can be built but not consume any…