Largo Commissioners Handing Citizens Tax Money Over to Private Corporations
As I wrote before, Florida is famous for it's Corporate Welfare. Once again, in a small story hidden in a local Tampa Bay area mullet wrapper, we are informed that:
Secretive Telemarketing Firm Seeking Tax Refunds
The (Largo) city commission has proposed a $90,000 tax refund over the next six years for an unidentified firm that has promised to create 300 new jobs in the city paying more than 115 percent of the average income of Pinellas County residents.
City Community Development Director Michael Staffopoulos said Pinellas County would match that sum, giving the new company $180,000 in refunds.
The city planner said the company is exempt from state public records laws to protect business secrets from their competition.
How do you like THAT sweetheart of a deal? And there's no way the local citizens can even find out the name of this company in order to keep them accountable. What sort of assurances are being made? And what happens if or when the company DOESN'T come through with their promise? No one is saying.
Why is it that this company and the Largo commissioners can't keep their hands out of the citizen's pockets? And aren't the citizens entitled to know where their hard-earned tax dollars are going? Those 300 jobs will hardly benefit everyone, and it's likely that their impact will be almost unnoticeable.
Meanwhile, small businesses that are struggling to make it are picking up the tab for the large businesses that are able to successfully wrangle a deal out of our gullible governments.
Welcome to Florida: Home of the Corporate Welfare State.