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Started By
Message
re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 10:00 am to dewster
Posted on 8/16/23 at 10:00 am to dewster
quote:
We just are not competitive there. Our universities aren’t really providing a decent pipeline.
I had to drive by Chenault the other day and the Sowela campus is so much nicer these days than McNeese is. McNeese could do so much better but it always just seems to putt along and not improve much.
2
Posted on 8/16/23 at 10:42 am to stout
McNeese has been investing in Nursing and Engineering quite a bit, exactly where they need to be. I do wish the rest of campus was getting more though
Posted on 8/16/23 at 10:45 am to lsu777
quote:
so you argument is they lost these taxes right?
No.
quote:
so if they don't give the exemption and these projects don't happen....did they really lose anything?
No.
quote:
just to be clear...your argument is that SWLA should stop giving these exemptions and not get any of these projects
No, and stop saying SWLA gives the exemption. This exemption is issued by the state of Louisiana and what they decide is law in your parish. Not an opinion.
Windfalls are unexpected.
quote:
so its better to be spiteful and get nothing
Nope, never said that.
quote:
than compromise and secure long term growth for the area???
quote:
just making sure I understand your argument because you don't seem to understand...without ITEP these projects don't happen. period.
ITEP away, its for the best.
Posted on 8/16/23 at 10:46 am to rowbear1922
quote:
Gotta love when people don’t understand how ITEP works yet they think these parishes are “missing out” on money for 10 years.
They would rather $0 for eternity than $0 for only 10 years
its a typical socialism approach to things. Its the lense in which they view life
what he quoted is directly from the socialist anti-ITEP organizations. Shows a complete lack of understanding of how economics work.
Posted on 8/16/23 at 10:49 am to lsu777
[u]et me ask you a question..do you work in industry?
Yes, Finance, in Houston.
Yeah, I probably dont understand the Economics, you are right.
Yes, Finance, in Houston.
Yeah, I probably dont understand the Economics, you are right.
Posted on 8/16/23 at 10:51 am to jizzle6609
quote:
No, and stop saying SWLA gives the exemption. This exemption is issued by the state of Louisiana and what they decide is law in your parish. Not an opinion.
Windfalls are unexpected.
they are the ones affected though considering its mainly local property taxes effected which mainly stay local. and at one time the locals did have a say
quote:
ITEP away, its for the best.
tell us a better way then old wise one. god forbid we look at long term growth instead of the give me, give me now approach
and you say you didnt say all that then quote that those parishes lost tax money.....they didnt lose anything because they never had it. the parish nor the state invested anything into these projects to lose anything. all they have to do is say yea you can wait 10 years to pay and they get a whirlwind from the initial temp jobs in construction, the perm jobs and then the property tax after 10 years
Posted on 8/16/23 at 10:53 am to jizzle6609
quote:
Yes, Finance, in Houston.
Yeah, I probably dont understand the Economics, you are right.
you must suck at your job then
so explain the passage you quoted last page
how did cameron and calc parish lose anythign on the ITEP?
because without it, they dont get those projects. so how did they lose? they didnt invest anything in those projects. all infrastructure is decades old.
Posted on 8/16/23 at 10:54 am to lsu777
quote:
I do wish the rest of campus was getting more though
Not sure how much they can grow being limited to a city block
They need to buy the old Millers building and all of the damaged buildings they can get their hands on along Common St.
Posted on 8/16/23 at 10:54 am to lsu777
quote:
its a typical socialism approach to things. Its the lense in which they view life
Now I'm socialist?
I'm not anti-ITEP.
quote:
Gotta love when people don’t understand how ITEP works yet they think these parishes are “missing out” on money for 10 years.
I fully understand what happens in year 11. You still have a decade of wear and tear on your infrastructure thats going to need to be addressed. This isnt cheap.
Posted on 8/16/23 at 10:56 am to dewster
quote:
For Louisiana’s tax exemption program - the option is to voluntarily not collect taxes in exchange for a private investment in a certain district or to not collect taxes on a private investment that never comes. Either way they aren’t getting that tax revenue. But if you offer the exemption, you at least get the jobs and indirect tax revenue for the duration of the exemption (5 years usually, but it’s sometimes extended).
Question, when these taxes arent collected and a budgetary items comes up that need to be addressed (lets say blown budget for some reason), where are the funds diverted from to makeup for the shortfall from non-collection?
Education?
Posted on 8/16/23 at 11:00 am to jizzle6609
Let me ask you this..... Do you think the folks that run businesses and the local school boards/sheriff dept. down in Plaquemines parish would like it better if tax breaks wouldn't have been given for that LNG massive construction going on right now?
Posted on 8/16/23 at 11:00 am to lsu777
quote:
you must suck at your job then
Badly
how did cameron and calc parish lose anythign on the ITEP?[/quote]
They technically didnt lose anything.
They didnt, they won bigly.
Posted on 8/16/23 at 11:03 am to lsu777
quote:
tell us a better way then old wise one. god forbid we look at long term growth instead of the give me, give me now approach
Guy, I'm not the one calling people stupid etc. All I'm saying is everything should be considered.
Posted on 8/16/23 at 11:04 am to jizzle6609
quote:
jizzle6609
You are missing the entire point.
Without ITEP, all the sales taxes, added spending in the parish, rentals, etc for a project at large projects goes away in the short term and long term they still get $0 in property tax off these large investments.
At least with ITEP, places like LC and Cameron parish get the short term benefits of thousands of people living in the area temporarily, spending money, etc and then they get the property tax after the exemption.
This post was edited on 8/16/23 at 11:07 am
Posted on 8/16/23 at 11:08 am to rowbear1922
quote:
You are missing the entire point.
Without ITEP, all the sales taxes, added spending in the parish, rentals, etc for a project at large projects goes away in the short term and long term they still get $0 in property tax off these large investments.
At least with ITEP, places like LC and Cameron parish get the short term benefits of thousands of people living in the area temporarily, spending money, etc and then they get the property tax after the exemption.
this...he completely misses the point
Posted on 8/16/23 at 11:08 am to stout
My grandson just graduated from Sowela. Went to the graduation at the Civic Center and was really impressed with the number of students graduating and the turn out. It was packed. And he graduated as an operator/electrician.
Posted on 8/16/23 at 11:09 am to stout
quote:
Not sure how much they can grow being limited to a city block
They need to buy the old Millers building and all of the damaged buildings they can get their hands on along Common St.
they do but also not sure how much they actually need to grow more so than just redo the buildings on campus to meet current demands in the local economy.
Posted on 8/16/23 at 11:15 am to jizzle6609
quote:
Now I'm socialist?
you quoted stats from a socialist org...so if the shoe fits...lace that MFer up and wear it
quote:
I'm not anti-ITEP.
could have fooled me
quote:
I fully understand what happens in year 11. You still have a decade of wear and tear on your infrastructure thats going to need to be addressed. This isnt cheap.
most of these are going in cameron parish, mainly the western lower half, which had the infrastructure built but essentially zero population since the hurricane. so there is no real wear and tear on infrastructure than there was before Laura. and now they have a tax base
quote:
Question, when these taxes arent collected and a budgetary items comes up that need to be addressed (lets say blown budget for some reason), where are the funds diverted from to makeup for the shortfall from non-collection?
Education?
again these are local property taxes being given the excemption. Comes from the state but mainly local. Right now Cameron parish needs as many bodies there as possible. they are way overbuilt for the population. It would be like telling detroit to not bring in large amount of jobs because it may strain the infrastructure even though they are built and have the infrastructure to support way way more people
Posted on 8/16/23 at 11:16 am to rowbear1922
quote:
You are missing the entire point.
Without ITEP, all the sales taxes, added spending in the parish, rentals, etc for a project at large projects goes away in the short term and long term they still get $0 in property tax off these large investments.
I completely get this. I am stubborn. The property tax on these billion dollar projects dwarfs any other tax you are collecting. Louisiana also doesnt put a threshold on job creation or capital investment.
Also, do the companies have to buy materials from within the parish? If not what stops them from buying in Texas at a bulk discount with suppliers they are already partnered up with?
Posted on 8/16/23 at 11:22 am to jizzle6609
quote:these parishes cant come close to supplying the materials needed
Also, do the companies have to buy materials from within the parish?
yea ole cameron parish is just chock a block full of tank builders, metal supply houses, pipe fabricators etc that can handle a 4 billion dollar project
the materials will come from all over the world. only way projects this size can work
but plenty of locals will be hired and plenty out of texas to work there
and yea the property tax on billion dollar projects really do dwarf the others, especially in a parish like Cameron, its why they like these projects and are able to forgo the instant gratification for long term stability these projects will provide the parish. same with Calc.
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