Hey Folks,
The following link is to an article about how cities and counties use utilities to fund their budget's. Absent from the story is how these types of monopolies give cities the chance to maximize the process of Tax Increment Financing. When a city can lower the percentage of property taxes funding its coffers, it lowers the percentage the city will have to pay back for their share of the Urban Renewal debt. This is how Bandon only contributes 11% to the debt created by the city's Urban Renewal Agency and the Bandon School District and the County itself has to contribute more money to pay back the city’s debt. Now that is a neat trick. Imagine if you could take out a loan, but you only had to pay 11% of it back and someone else had to pitch in the rest. Sure would be a great deal and you would be nuts not to continue to take out more loans and create more debt........Rob T.
The following link is to an article about how cities and counties use utilities to fund their budget's. Absent from the story is how these types of monopolies give cities the chance to maximize the process of Tax Increment Financing. When a city can lower the percentage of property taxes funding its coffers, it lowers the percentage the city will have to pay back for their share of the Urban Renewal debt. This is how Bandon only contributes 11% to the debt created by the city's Urban Renewal Agency and the Bandon School District and the County itself has to contribute more money to pay back the city’s debt. Now that is a neat trick. Imagine if you could take out a loan, but you only had to pay 11% of it back and someone else had to pitch in the rest. Sure would be a great deal and you would be nuts not to continue to take out more loans and create more debt........Rob T.
Monopoly utilities: just another way to tax us
These “other sources” of revenue now include monopoly utilities. Sometimes this revenue comes from taxes on the utility. More often, however, ratepayers of monopoly utilities are charged much more than the actual cost of providing the utility – with the difference going to government to spend on whatever they wish.
Monopoly utilities have extraordinary privileges:
Monopoly utilities have unlimited ratepayer money to:
• Buy media (advertising)
• Buy politicians
(campaign contributions)
• Buy lawyers to initiate lawsuits and/or defend even illegal/criminal activity
There are several types of monopoly utilities with widely varying levels of accountability:
Related Posts:
Action Alert:---State Legislation SB 478
Action Alert:---State Legislation HB2173
Action Alert:---State Legislation HB2800
The Federalization of Local Urban Renewal Agencies
Urban Ledger: Albany's Obligations and relying on Tax Increment Financing
Measures Would keep voters Involved and help control "Economic Fascism"
Update: Lake Oswego council could repeal Foothills urban renewal district:
Possible Nike site could be added to Enterprise Zone next week
Urban Renewal gone bad---read the stories
Coos Bay---New Information added to the Visitor's Center page...
Coos Bay---What's a measly $120,000 to $180,000 over 6 years, eh?
Coos Bay---Just a "Slight" Conflict of Interest Here. Or did ANYONE notice?
Coos Bay---Padding City of Coos Bay Salaries With Urban Renewal Tax Dollars
See the Cash Cow of Coos Bay----Hear it eat your money---The Coos Bay URA
Action Alert:---State Legislation SB 478
Action Alert:---State Legislation HB2173
Action Alert:---State Legislation HB2800
The Federalization of Local Urban Renewal Agencies
Urban Ledger: Albany's Obligations and relying on Tax Increment Financing
Measures Would keep voters Involved and help control "Economic Fascism"
Update: Lake Oswego council could repeal Foothills urban renewal district:
Possible Nike site could be added to Enterprise Zone next week
Urban Renewal gone bad---read the stories
Coos Bay---New Information added to the Visitor's Center page...
Coos Bay---What's a measly $120,000 to $180,000 over 6 years, eh?
Coos Bay---Just a "Slight" Conflict of Interest Here. Or did ANYONE notice?
Coos Bay---Padding City of Coos Bay Salaries With Urban Renewal Tax Dollars
See the Cash Cow of Coos Bay----Hear it eat your money---The Coos Bay URA
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