October 31, 2016
JDA continues to hit the taxpayers of the 4 counties (Jasper, Newton, Morgan, and Walton) year after year. Along with their new, amended, updated agreement with the 4 counties, JDA now submits a budget—which we all know each and every county commission will approve without comment or dissent. Their budget for 7/1/16-6/30/17 is $1,026,654.
The taxpayers’ portion of the $1M+ budget is $716,847 plus $50,588 of collected taxes that now go straight to the JDA instead of the counties as originally promised. Jasper’s part would be 10% of that amount.
Interestingly, the JDA budget includes taxes from JC Flex and Stanton Springs LLC, but fails to include taxes from JC Land Investment, LLC. (These are all LLC’s supposedly owned/controlled by TPA.) The 2016 Newton County tax bills for JC Land are $9,187.52. These tax receipts should be added to the budget and thereby the borrowings from the Bank of Madison reduced.
Look at the expenditures—
- Bank of Madison principal payments and interest payments are almost equal at $68,000 and $67,000 respectively
- $25,000 for accountant fees—to post 4 checks a month and attend every JDA meeting?
- $50,000 in attorney fees
- $30,000 to help maintain “common areas”, and this is only 25% of the cost. $120,000 per year to maintain the parkway and entrance? Who is getting this contract?
- $5,000 in “land exchange fees”. The taxpayers have been screwed big time in land exchanges with TPA in the past. Can’t wait to see what is exchanged this time. JDA will pay all the exchange costs including surveys, etc.
One good thing, the JDA will finally actually be audited. In the 2015
financial report done by the JDA accountant, it was finally noted that $1 Billion of bonds had been issued. Nothing like exposure to bring out the truth.
There will be other news this week from JDA. They will have a special called meeting—24 hour notice—tomorrow morning at 8:00AM to discuss (and approve) the “first amendment of the inducement agreement with Baxter/now Shire”.
More bonds? More tax incentives? It is all a secret until after it is agreed upon by the JDA board.
Open your eyes people, and open your wallets. JDA is great at making deals that cost you money.
Citizens, be informed and stay informed! Only by being informed, can the citizens understand what is being done and talked about, and then press our officials to make good decisions for everyone in Jasper County. That is our goal with the Taxdogs blog.