Jul 10, 2007

Public Hearing Tonight re: FEDEX Tax Break

Tonight the Troutdale city council is holding a public hearing regarding the creation of an Enterprise Zone at the old Reynolds Metals site.The reason we're considering this? FEDEX asked the city for tax breaks of approx. $4 million for a proposed new distribution facility.

I'm going into the meeting in an undecided frame of mind. Although two weeks ago I was leaning in favor of the tax break, now I'm not so sure. There is a lack of evidence one way or another showing that tax abatements in the form of Enterprise Zones are worth it in the long run. Balance that lack of evidence with a proposal by FEDEX to bring 500-1000 jobs into the area.

Download a copy of tonight's agenda packet here. Come to the meeting and tell us your opinion of this proposed tax break. 7pm. Troutdale City Hall, 104 SE Kibling. Here's a map of the location.

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