Wichita city council advances economic development Can you fill in the blank?
Wichita City Council says: “By allowing Cessna to avoid paying property taxes, we are showing our support for the company.”
“By requiring other companies to pay their full share of property taxes, we are showing our ________ for these companies.”
Yesterday’s action taken by the Wichita […] Wichita Liberty
Wichita Airport traffic: The video In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we […] Wichita Liberty
Wichita City Council makes an uneconomic decision Last year the Wichita City Council was faced with a decision regarding a program designed to stimulate the sales of new homes. Analysis revealed that even though the city had an opportunity to make an investment with a purportedly high return on investment, it would be better off, dollar-wise, if […] Wichita Liberty
Your local chamber of commerce: Working for you? Very often, local chambers of commerce support principles of crony capitalism instead of pro-growth policies that allow free enterprise and genuine capitalism to flourish.
We may soon have an example of this in Wichita, where business leaders are tossing about ideas for tax increases. I distinguish between “business leaders” and “capitalists.”
Most […] Wichita Liberty
Cessna, another Wichita company asking for tax relief This week the Wichita City Council will consider granting economic development incentives to Cessna Aircraft Company. The incentives are in the form of property (ad valorem) tax relief, implemented through the city’s Industrial Revenue Bond program, as described by city documents:
Since 1991, the City Council has approved issuance of Industrial […] Wichita Liberty