Posted by Jeff Solsby at 12:00 am on Oct 29, 2008 Comments Off on Inside the Beltway News – Wednesday
I caught two interesting stories on NPR’s "Morning Edition"
during my commute–one of which included an interview with
California pol and consultant Jim Brulte.
The first story includes an interesting suggestion from one
local Wisconsin government official about the impacts from the
likely closing of General Motors Janesville plant. Noting
that the plant property is appraised at about $40 million,
generating $850,000 per year in property tax revenue, the city
economic development director posited that a closing might halve
the property tax assessment for the plant, and therefore cut tax
revenue to the city.
The city’s likely response, he says: raise rates on the
other (remaining) properties in town to backfill.
No mention of simply making due with less, or enacting cuts
elsewhere. A link to the audio is here.
On to California, which according to yesterday’s Financial Times
profile of the City of Angels, is the largest manufacturing center
in the United States. (LA Observed linked to the piece,… Read More