This one was done by the Fort Worth Chamber of Commerce. Read about it in the Fort Worth Star-Telegram.
It claims property taxes are part of the benefit to all the abatement's Fort Worth handed out this year. How can that be when the TIF's in the area are struggling to meet their promises due to declining property taxes? Remember, there were studies for those TIF's too. What are they basing these numbers on? Apparently, whatever they could.
The overall economic impact includes company investments, salaries and what workers will spend.
It also considers salaries created or supported in new or existing firms, such as maintenance companies and service firms, and spending at stores and restaurants.
There were a couple of key sentences in the article:
In its efforts, the chamber's economic development division received and spent about $1 million from private and public sources in 2011.
The chamber's economic development division works closely with the city's economic development department.
As usual the best part were the comments from THE PEOPLE:
It's a great place to do business if you're looking for a tax handout, but Fort Sprawl is not a great place to live anymore.
Roads are in terrible condition, crime is up and police response times are lousy. City services are poor and getting worse. Those that still exist, anyway. Price lives in her shielded world and is not in touch with the average citizen.
The only ones who are happy with all this are the stinking corporations and developers and corrupt politicians (current and past mayors & council included) who are benefiting at citizens' expense. If you've got enough money to buy a politician or two, you can pretty much get whatever you want. That's exactly what happened with the Trinity Drainage Ditch Vision and many other pet projects... reward the developers/politicians... screw the citizens.
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