re: ITEP critics defeat ExxonMobil tax break requests Thursday at School Board

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The Bell Helicopter case in Lafayette comes to mind. That was a company that received ITEP for creating a certain number of jobs, right before price of oil crashed.

They didn't fulfill their hiring figures, and Lafayette enforced the clawback, and Bell's operation in Lafayette now is zilch.

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We invested 26 million taxpayer dollars and Bell didn't live up to their side of the contract, despite multiple attempts to restructure and help Bell stay in Lafayette. They promised 115 jobs and delivered 22. We promised 26 million and delivered 26 million.

I have no qualms with going after our money. Business is business. We expect a ROI. You don't deliver, there are consequences. You make it happen, there are benefits.

Yep.ITEP implemented correctly is a good thing.

Having the parishes scramble to create their own systems is hurting us statewide, especially as it's being badly implemented in places like Orleans, East Baton Rouge, and Jefferson parishes.

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If nothing you’ve written is false, it should be easy to back it up. Otherwise, you come across as just another paid TBR shill throwing shite up against the wall hoping weak minded reactionist politicians take the shiny hook.

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One of the applications ExxonMobil had denied was for maintenance on one of the properties. It was maintenance they had already actually completed, and it provided no new jobs, yet it was approved by ITEP.

Companies are routinely getting approved for new 10 year exemptions on existing property due to maintenance. That's a fact.

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It was already completed because it’s taken EBR over two years of arguing over how to implement ITEP (or not) after JBE dumped it all back on the locals as soon as he took office.

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I get that, but it was essentially a capital investment to maintain the status quo, with no new jobs, and it got the rubber stamp approval.

I think EBR made a poor choice in the other project, but denying this one was understandable. ITEP is abused, no doubt, and now some local governments are out to get revenge. It's ridiculous in both cases.

Break out your handy dandy calculator and do the math.

EBR Assessors website is your friend.

I know you wanna be right. I know it's easy to just regurgitate the talking points that you hear around town. Stop being a NPC and do your own actual research. If you want to have a big boy conversation, don't come with that NPC bullshite to me.

You may disagree with my OPINION on ITEP, and that's all good. But the math is ~2.2MMM in overall value, with only 711MM on the tax rolls.

If my math is wrong on Exxon and the many of the other manufacturing facilities I've looked into on Assessors website, I'd gladly defend the program instead of criticize it, but math gunna math.