Re: Alturas--Bill London's post

[WMSteed@aol.com]

In a message dated 9/6/02 11:48:34 AM, curley@turbonet.com writes:

<< When an 
existing local business moves to Alturas (or even a non-
startup new business comes to town and locates there) it 
takes tax revenue away from the public uses for which 
they are intended. >>

As I understand the financing, I don't believe I can agree.  The taxes paid 
by the attorney and, soon, accountant moving from downtown are still being 
paid on their old buildings by their downtown property owners.  Additional 
taxes are being generated by the new buildings erected in Alturas, and being 
used to pay for the Alturas infrastructure.  Finally, under tax increment 
financing, I do not believe any school taxes are diverted.  The MSD actually 
is getting new tax revenue from the construction in Alturas as well as that 
from the buildings that are still downtown.

Walter Steed