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North Dakota
Related: About this forumFargo Commissioner Says It's "Disingenuous" to "Bitch" About Company Getting $4.6 Million Subsidy
Fargo Commissioner Says Its Disingenuous to Bitch About Company Getting $4.6 Million Subsidy They Said They Dont NeedThere were some fireworks at a meeting of Fargos city commission tonight.
The genesis for the controversy was an application made by a company called Aldevron for a $4.6 million payment in lieu of tax (or PILOT) subsidy for an expansion theyre building.
According to the commissions posted agenda, the subsidy would have the company paying no property taxes for five years, and then 50 percent of their property taxes for five more years after that (full agenda embedded below):
That adds up to a more than $4.6 million subsidy over a decade.
When the commission got a chance to discuss the proposal, Commissioner Tony Gehrig asked the companys representative point-blank: If you didnt get the incentive would you still expand?
Read more: https://www.sayanythingblog.com/entry/fargo-commissioner-says-its-disingenuous-to-bitch-about-company-getting-4-6-million-subsidy-they-said-they-dont-need/
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Fargo Commissioner Says It's "Disingenuous" to "Bitch" About Company Getting $4.6 Million Subsidy (Original Post)
TexasTowelie
Aug 2019
OP
CrispyQ
(38,141 posts)1. Isn't that SOCIALISM???
Privatized profits, socialized risk.
TexasTowelie
(116,511 posts)3. Yes, it is.
What I found interesting was that there was a poll on one of the news sites that asked whether the ND Legislature should intervene in order to avoid rural grocery store closures. Surprisingly, 52% of the respondents said "Yes".
We need to build that wall! The Socialists are invading from Canada.
abqtommy
(14,118 posts)2. The Reich Wing loves the socialism
that benefits them.