| Wind Watch is a registered educational charity, founded in 2005. |
Abatement not best idea for wind farm
Credit: Gainesville Daily Register | www.gainesvilleregister.com ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
As a resident of Cooke County I am writing to oppose granting a tax abatement for the proposed Wildcat Creek Wind Farm.
As a former economic development professional and having served as an official with responsibility for economic development policy and programs at the state and federal levels, I have had extensive experience in considering when a tax abatement is an appropriate tool to attract a significant economic development project.
Typically, a tax abatement is only considered appropriate when the scale of the capital investment and its residual taxable value post abatement, combined with attracting long-term high-skill/high-wage jobs to a community, is such that it justifies an abatement. An independent economic cost-benefit analysis commissioned by the taxing jurisdiction usually is a predicate for an informed decision.
An example of an appropriate use of a tax abatement was for retention and expansion of the Arlington General Motors Assembly plant. In 1991 an abatement by the city of Arlington and by Tarrant County led to the retention and expansion of the manufacturing plant, thousands of high-skill/high-wage manufacturing jobs and multiple rounds of capital investment in excess of a billion dollars over the subsequent decades.
Based on my current understanding of the scope of the project and absent independent economic cost-benefit analysis, I am highly skeptical that the benefits to the local economy outweigh foregone tax revenue to the county and other taxing jurisdictions. This project needs to be viable on its own merits without being subsidized by the citizens of Cooke County.
David Sampson, Gainesville
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=92728 ]
