Tag Archives: taxpayers cost of economic development

CITY TO PURCHASE NEW MEGASITE—COST UNKNOWN TO PUBLIC—40 YEARS OF DEBT TO BUY

June 7, 2017 The Monticello News recently printed an article titled, “City to Purchase Megasite for Water, Growth”  Even though the Monticello News reported “the purchase WILL be made through USDA grants and loans,” there has NOT been a grant … Continue reading

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BONDS GONE BAD—But Remember, IT CAN “NEVER,EVER HAPPEN”

March 25, 2016 Thank you to Ann Jones Guider, Douglas County Commissioner, for her research!   Below are some area county/city-backed bond projects that went bad and fell back on the taxpayers. Cherokee Bond Deal Read Article at the AJC  AJC.com “Cherokee County … Continue reading

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TAXPAYERS START PICKING UP PAYMENTS ON BONDS ON ANOTHER “ECONOMIC DEVELOPMENT” DEAL

January 29, 2016 (Comments at the end of the article say it all!) http://airport.blog.ajc.com/2016/01/28/paulding-airport-developer-pulls-out-of-bond-payments-cites-dispute-with-county/ Paulding airport developer pulls out of bond payments, cites dispute with county January 28, 2016 | Filed in: Airline industry, airport, Delta, Hartsfield-Jackson.  The bitter dispute over a plan to attract … Continue reading

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JASPER, NEWTON, and MORGAN ALL AGREE TO PLEDGE TAX MONEY TO PAY JDA (STANTON SPRINGS) NOTE WITH BANK OF MADISON

  January 22, 2015 Tonight the Jasper County BOC voted 5-Ø to approve the “tax pledge” resolution, agreeing to bail out the JDA (Joint Development/4 County Development Authority) and make their note payments to the Bank of Madison.   See … Continue reading

Posted in County, Economic Development, Open Government, Property taxes | Tagged , , , , , , , , , , | 2 Comments