Comment 29951

By Z Jones (registered) | Posted April 06, 2009 at 08:33:13

Your one-way thinking has failed you.......yet again. Portland was able to start lowering its tax rates AFTER making the necessary investments in livability that drew creative citizens, entrepreneurs and investors back into the downtown core. Cities can afford to cut tax rates once they attract more economic activity. See, investors care about tax rates, but they also care about other things, like access to investors, contractors, customers, and pools of qualified employees, good public infrastructure, neighbourhood safety, esthetics, etc., etc. As actual business people know, you need to spend money to make money - cities that spend money on the right things are able to make enough money that they can start to cut their tax rates once more investors move in and property values start to go up.

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