Monday, December 19, 2011
This Doesn't Help
This money was a loss anyway, because RPM had seven years' worth of tax abatements coming to them. Of course, the idea was that after seven years, they'd be a taxpaying asset to the community. This doesn't help because when people get nervous about viability, that puts the brakes on tax breaks, which in turn puts the brakes on business investment in the town, which means that our tax base never grows, with or without a patented method of altering the roots.