Robbing our schools and hospital

The land (for the water park deal)  that the city is trading so that it can give it away for $1,000 per year with a $10,000 buy out was formerly owned privately and was taxed around 54 thousand dollars a year by the city,  $29 thousand a year by the county,  $98 thousand a year by the Canutillo independent school district, $9,000 a year by our community college and $16,307 yearly by our county hospital.  The total comes to $188 thousand each year.

Now that the city owns the land those taxes go away.

Further

If the land is actually worth the $18.6 million that we are told the owner wants the tax situation would be different.  The annual taxes would be $597,686.00.

Because the city has assumed ownership of the land, and thus the land cannot be assessed property taxes, the other entities are going to lose money also.

Using the claimed $18.6 million figure the Canutillo district will lose $284,580 per year for the ten years that the city will own the land.

The city tells us that homeowners pay a disproportionate part of the property tax (compared to businesses and industries) and then go right ahead and throw away a piece of property that would pay almost $600,000 a year.

We deserve better

Brutus

10 Responses to Robbing our schools and hospital

  1. Dan Wever says:

    And we just gave them a large raise and are still considering leaving them in office for another term. Who is stupid here?

    Like

  2. Insanity says:

    They’re not throwing it away. They’re giving it away. They’re borrowing money to buy one asset using our money, trading that asset for a different asset, and then giving away our asset and the tax revenue stream, while we’re still continuing to pay for the asset.

    Liked by 1 person

  3. Anonymous says:

    Don’t worry, CAD will raise appraisals and make that up fast.

    Liked by 1 person

  4. The Oracle says:

    Does no one EXPLAIN this to them ?

    Liked by 1 person

    • John Dungan says:

      Do you really think it would make a difference if someone did explain all of this to them? They do not care because it is not their money. It will likely come from our grandchildren. Well, at least those who are not smart enough to get the hell outta Dodge, that is. This is like trying to reason with your wife when she’s gone over budget yet again for that new pair of shoes she did not really need.

      Liked by 1 person

Leave a Reply -- you do not have to enter your email address

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: