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Started By
Message
re: ITEP critics defeat ExxonMobil tax break requests Thursday at School Board
Posted on 1/18/19 at 11:42 am to RogerTheShrubber
Posted on 1/18/19 at 11:42 am to RogerTheShrubber
Get the malingerers out. Teach those that pay attention and do right.
0
Posted on 1/18/19 at 11:47 am to LSUFanHouston
Of course plants are constantly making improvements. If they don’t, they end up like the aforementioned series of plants up US 61. Adding new equipment doesn’t prevent taxes from being collected on the equipment already installed when the deferment runs out. It’s extremely rare for any single widget in a process that the ITEP applications cover to have a 10 year life. Extremely. ITEP (at least used to) help companies in Louisiana modernize to stay competitive. Now, for sites in EBR and Orleans only (meaning Exxon Baton Rouge), the incentives are in place to drive that investment elsewhere. Like Texas. Other parishes aren’t publicly lambasting and penalizing their largest benefactor.
Posted on 1/18/19 at 11:53 am to Icansee4miles
quote:
It’s extremely rare for any single widget in a process that the ITEP applications cover to have a 10 year life.
Are you saying that they change them prematurely are or you claiming that process equipment doesn't last 20+ years?
This post was edited on 1/18/19 at 11:53 am
Posted on 1/18/19 at 11:55 am to Icansee4miles
quote:
ITEP (at least used to) help companies in Louisiana modernize to stay competitive.
I'm not a fan of ITEP, because I think it promotes some companies/industries at the expense of others, and I don't believe that's something the government should be involved in.
I understand it's a necessary evil in a state where we have a terrible tax system in place, and a terrible education system in place, and a terrible infrastructure system in place.
ITEP basically covers up problems. It doesn't fix the problem, and in fact, it probably causes the problem to never actually be fixed. It's a band-aid.
I believe Orleans and EBR are making mistakes here. I'm glad to hear they are the only places doing so. A lot of people on this board (not you) are blasting having the locals involved. I think the locals should be involved, and it sounds like in most places, they are getting it right.
Maybe if we are lucky, companies like XOM will consider plants in other nearby parishes that have their head on straight, as opposed to just going to another state.
And I think this is a uniquely EBR problem. Yes, Orleans has their head up their rears on this... but Orleans doesn't really get these major industrial plants. They tend to locate in Jefferson, St Bernard, Plaquemines, etc.
This post was edited on 1/18/19 at 11:57 am
Posted on 1/18/19 at 11:56 am to CptBengal
quote:
So where is all the extra money going?
are we funding more pieces of shite admins who do nothing?
The administration overhead is big factor in the difference. Principle, assistant principle, associate, curriculum chair, activity chair, etc.. Then you have those who make those who hire the above creating even more bloating.
Schools in Cy-Fair and Katy are for the most part excellent. Schools are nice and maintained well and with population booming (165 new people moving to Houston every day) they are constantly building new schools.
A few factors that allow Cy-Fair ISD to excel and spend about 4K less per student than EBR and Zachary.
(1) Less higher paying administrative positions in TX, no need for a principle and 8 other supporting a role 2-3 others can do just fine.
(2) Population density greater, schools spend less on transportation costs
(3) Schools are much larger, some 4 stories high, larger footprint but cheaper to pay electricity, water, etc.. on one school than 2 smaller ones.
(4) Population growing so schools can get bond money easily to build new schools and constantly upgrade.
I believe 38% of the money for CY-Fair ISD comes from the state and the rest is basically from property taxes. I have no problem paying $5,200 a year in property taxes with excellent schools so don't need to fork out 10K for private school. But then again no state income tax covers a good chunk of property tax discrepancy.
Here is a school about 3/4 mile from my house.
Bridgeland Highschool
This post was edited on 1/18/19 at 12:08 pm
Posted on 1/18/19 at 12:02 pm to doubleb
Anyone know if Together BR supports the Charter School movement?
Seems like they would be in favor of better opportunities for the children of the Parish, no?
Seems like they would be in favor of better opportunities for the children of the Parish, no?
Posted on 1/18/19 at 12:03 pm to Icansee4miles
quote:
It’s a short term exemption. Then all that equipment goes on the tax rolls for many decades to follow. So it’s a tax deferment.
Except for the little thing called depreciation. A lot of those improvements are depreciated and considered to have very little value for tax purposes after 10 years. By exempting the taxes for ten years, the public entity generally misses out on taxes when the property has any substantial value.
The other consideration is that when property is exempted, the overall property values gets skewed for reassessment purposes. Millage rates are adjusted (at least every four years) to ensure that public entities capture the same tax proceed amounts collected by adjusting the mil rate up or down for property value changes. (Don't get me started on roll forwards which is BS; if they want more tax proceeds they should have to convince the voters)
This is not necessarily a bad thing if the exempted property owner is bringing new jobs or higher sales/inventory tax proceeds to overall offset that loss in tax revenue. However if its just an automatic exemption with no real return, every property owner who pays taxes should be pissed at their officials.
Posted on 1/18/19 at 12:06 pm to Sentrius
quote:
We have a long way to go before we can trust locals to make decisions like this like Texas does with theirs. We’re not there yet so kindly take your preaching and leave.
It always should have been a local decision. Locals making a bad decision doesn't change any of that.
It's a local tax. Locals should decide how it's spent and who pays it.
If the state wants to implement a tax package for a company, they can do it around state taxes.
That's not preaching, that's just the basic way it should have always worked.
Posted on 1/18/19 at 12:09 pm to Cump11b
quote:
“This is a new day for a new type of economic development in Louisiana,” an excited Dianne Hanley, a leader of Together Baton Rouge, said afterward.
truer words have never been spoken
Posted on 1/18/19 at 12:11 pm to Mudminnow
quote:
EBR spends $10,755.00 per student Zachary $9,780.00 per student Katy ISD $8,596.00 per student. Cy_Fair spends $7,967.00 per student. Starting teacher salary in Cy-Fair ISD is $53K with BS. EBR $44,500.00 with a BA degree,$48,400.00 with a PHD. Cy-Fair and Katy schools are leaps and bounds better without question.
Do the EBR and other capital district (in Louisiana) spending per student numbers from BRAC reports include just the day to day maintenance & operations spending like the Katy’s numbers or do they include all spending including spending for debt services and capital outleys? Total spending for Katy in 16-17 including debt services & capital outleys was closer to $17,000 per student. Total spending for Cy-Fair was just above $13,000 per student. The amount of capital spending or refinancing using revenue from the selling of bonds will vary year to year, so Katy’s may be higher than usual.
A lot of the revenue and spending per student in the BRAC reports seem high if not also including debt and capital expenditures.
This post was edited on 1/18/19 at 1:13 pm
Posted on 1/18/19 at 12:14 pm to TigerstuckinMS
Oh I can assure you process equipment lasts well beyond 20 years. That’s exactly my point. That equipmentwill be taxed the remainder of its life after the initial deferment
Posted on 1/18/19 at 12:17 pm to X123F45
quote:wtf?
Anyone who actually drives through the country, as opposed to flying to vacation spots, can attest... Louisiana is doing a helluva lot better than 90% of the country.
Posted on 1/18/19 at 12:20 pm to LSUFanHouston
quote:
Plants are constantly making improvements to gain more efficency
Planned shutdowns and turnarounds are not major rebuilds
Posted on 1/18/19 at 12:22 pm to slackster
Imo that is fine but it should be a singular independent board. I don’t want to have to chose my vote for school board based on their understanding of tax code and the indirect impact of job creation. That’s my issue I want to vote for school board on how well they know to educate kids.
Also why is BRAC so silent on this issue....
Also why is BRAC so silent on this issue....
Posted on 1/18/19 at 12:24 pm to X123F45
quote:What?
Anyone who actually drives through the country, as opposed to flying to vacation spots, can attest... Louisiana is doing a helluva lot better than 90% of the country.
Posted on 1/18/19 at 12:25 pm to LSULaw2009
Do you understand that immovable equipment which by law itep applies to has a depreciation schedule of 20 years.
Posted on 1/18/19 at 12:25 pm to Scruffy
quote:
What?
Keep in mind either trolling like a MF or a simpleton who has never left the state of Louisiana or his city in Louisiana.
Posted on 1/18/19 at 12:27 pm to Prominentwon
quote:
I may be bias, but I think teachers should be one of the highest professions in the entire country
Lol
Posted on 1/18/19 at 12:28 pm to Lsuhack1
quote:
Also why is BRAC so silent on this issue....
They aren't... LINK
quote:
The Baton Rouge Area Chamber, which supports ITEP, strongly disputes the report’s findings.
“The report’s conclusion totally gets wrong the reason ITEP exists: the incredible economic impact of manufacturing,” BRAC President and CEO Adam Knapp says in a statement. “For every one job in manufacturing, another 10 jobs are created.”
Together Baton Rouge’s refusal to recognize this benefit to the broader business climate, Knapp adds, demonstrates its attempts to sow division in the community.
“Their fantasy math about property tax rates only continues it further,” he says.
Posted on 1/18/19 at 12:35 pm to Golfer
Ok, so the school board voted against XOM’s ITEP request.
So what’s next?
Can XOM still get the ITEP by other ways?
So what’s next?
Can XOM still get the ITEP by other ways?
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