Controversial plan to divvy up windfall from
Coos Bay's proposed LNG terminal raises questions
The plan plays a kind of financial shell game with the state, transforming property taxes into community service fees, then funneling them into private non-profits whose non-elected board members would have final say over how the cash is used.
Backers of the plan say it will allow them to both accelerate and smooth the tidal wave of property tax revenues expected from the project. It will spread the wealth over a broader geographic area and create a long-term funding stream for schools and economic development.
Backers of the plan say it will allow them to both accelerate and smooth the tidal wave of property tax revenues expected from the project. It will spread the wealth over a broader geographic area and create a long-term funding stream for schools and economic development.
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