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3
Posted on 1/18/19 at 9:16 am to Cump11b
And Exxon will be the final nail in the coffin for BR. We will be just like Detroit in a few years. Well not “we” because I live in a parish where they welcome plants and industries and give them huge tax breaks so me and my podnahs will be ok but EBR is fricked. I plan on voting for Eddie and I hope people that wants more jobs and a better economy vote for him as well. No more of this progressive shite
This post was edited on 1/18/19 at 9:23 am
Posted on 1/18/19 at 9:16 am to Mudminnow
quote:
What an absolute joke. Guess I need to reconsider my boss’s offer for me to transfer to Corpus Christi for their $8 billion project.
quote:
Curious why you would turn it down? Family reasons? Taking care of a sick loved one?
I may have found the reason
Posted on 1/18/19 at 9:16 am to Klark Kent
quote:
unless you drive West to Texas who is miles and miles and miles ahead of Louisiana in every measurable category. Besides culcha’
Try driving through Texas outside of the major cities and then get back to me.
South texas, north Texas, West Texas, all look like they did 30 years ago.
Posted on 1/18/19 at 9:17 am to Upperdecker
quote:
be no consequences to making a business pay more taxes.
They get away with not paying BILLIONS in taxes and they PROFIT MILLIONS per day.....
I’m an operator and even I feel like they’re stealing money. These tax dollars are a drop in the bucket for them. Won’t hurt one bit. This whole “oh, we’re going to move to Texas” threat is empty.
Are they getting tax breaks in Texas?
They’re not going to shut Exxon down. The only time Louisiana has to worry about dealing with industrial taxes and the effects is when they’re in a position to land new construction. Otherwise, they’re not shutting their operations down.
Louisiana is one of the dumbest states in the country and has the worst academics in the country. Whatever they can do to start improving the education system in this state, I’m for it. ESPECIALLY if it’s taxing the largest and most profitable company in the world. There’s ZERO reason they should be tax exempt. ZERO.
Posted on 1/18/19 at 9:17 am to rowbear1922
quote:
Although I don't think Exxon should have gotten the ITEP for a project already complete, the School Board is very shortsighted knowing Exxon is debating spending a Billion dollars on an expansion in the near future. This particular ITEP was for $2.5M over a 10 year period. Pennies on the dollar compared to a $1B project with 1500 workers all living and working in BR.
Exxon got greedy here. They wanted to save $250K a year in taxes on a project, already completed, that created 18 jobs.
No project that creates only 18 jobs should get 250K a year for 10 years in exemptions. The juice isn't worth the squeeze.
Not to mention, the whole point of ITEP is to make these expansions/projects more cost competitive. It's hard to argue that Exxon needed this tax break, to make the finances work, when the expansion HAS ALREADY BEEN COMPLETED.
Exxon went after this because they figured it was free money, because they are danging the carrot of future, larger expansion.
In any event, while I don't agree with the school board's decision, this is how it is supposed to work. Elected officials at the local level need to be making these decisions. If it's the wrong decision, then vote them out.
Posted on 1/18/19 at 9:18 am to sta4ever
quote:
And Exxon will be the final nail in the coffin for BR. We will be just like Detroit in a few years
Posted on 1/18/19 at 9:18 am to Mingo Was His NameO
quote:
I may have found the reason
Isn't Corpus like Mexico north?
Posted on 1/18/19 at 9:19 am to Prominentwon
quote:
Because I’m sitting here e-laughing in your face if you think XOM is leaving.
It's certainly possible, have you not seen all these companies with huge infrastructure investment pick up and move lately? Not specifically in Louisiana, but it is happening. Best case, they don't leave, but will make new capital investments elsewhere. This is EBRs largest tax payer, they need to expansion which directly and materially affects every part of the city. Increased real estate values, property tax, sales tax, employment tax, jobs, etc, etc.
Posted on 1/18/19 at 9:19 am to Prominentwon
Do you think funding is the problem with Louisiana schools? Please be specific.
Posted on 1/18/19 at 9:20 am to Icansee4miles
quote:
One of his first acts was to throw control over ITEP, the one legitimate incentive LED had to attract projects to Louisiana, down to the locals.
I could not disagree more.
The state HAS NO DAMN RIGHT to give away tax money that isn't theirs.
If the LED wants to offer incentives, they can do it with state money. Maybe LED should partner with local governments to offer local incentives in addition to the state ones.
The fact that the EBR school board made a poor decision, doesn't change the fact that it's right for that to be their decision to make.
Posted on 1/18/19 at 9:21 am to Mingo Was His NameO
quote:
It's certainly possible,
And me fricking three different super models every night is possible too.
Posted on 1/18/19 at 9:22 am to Prominentwon
quote:
Are they getting tax breaks in Texas?
Yes, they are getting relatively the same incentives in Texas. They are just structured differently. They may never fully leave BR but they won't invest any more money into it.
quote:
Whatever they can do to start improving the education system in this state, I’m for it. ESPECIALLY if it’s taxing the largest and most profitable company in the world.
Louisiana spends the MOST of any state in the South per student at $11k. BR is even worse at $13k, which is $4k MORE per student than Texas. It isn't a tax problem that keeps education in the gutters. Where is the money going?
Baton Rouge Education Report Card
State by State Avg. Spending Per Student
Posted on 1/18/19 at 9:23 am to Icansee4miles
quote:
It’s a Tax DEFERMENT!
100 percent incorrect. It's an exemption.
What's the shelf life on many of these improvements? Plants are continually improving and updating. In 10 years, they will be time to tear down this work and do another improvement, which will result in a new 10 year exemption.
It just keeps on rolling. These improvements HARDLY ever become taxable.
Maybe there's a good reason for that, but get your facts straight.
Posted on 1/18/19 at 9:23 am to NIH
quote:
Do you think funding is the problem with Louisiana schools? Please be specific.
I’ll have to dig some more, but Louisiana teachers are some of the lowest paid teachers across the country. There are schools here in Calacsieu Parish and Cameron that can’t afford what’s needed on a daily basis.
Schools are overcrowded and the infrastructures on a ton of schools are well overdue for remodel or new schools.
I may be bias, but I think teachers should be one of the highest professions in the entire country. That’s a social thing for me, I know everyone doesn’t thing that way.
Posted on 1/18/19 at 9:24 am to Prominentwon
quote:
They get away with not paying BILLIONS in taxes and they PROFIT MILLIONS per day.....
And?
quote:
These tax dollars are a drop in the bucket for them. Won’t hurt one bit.
Yes it will, it will hurt them by how every many dollars they now have to spend on tax expense.
quote:
Are they getting tax breaks in Texas?
Yes
quote:
Louisiana is one of the dumbest states in the country and has the worst academics in the country. Whatever they can do to start improving the education system in this state, I’m for it. ESPECIALLY if it’s taxing the largest and most profitable company in the world. There’s ZERO reason they should be tax exempt. ZERO
The reason is because they're going to get the exemptions, be it from Louisiana or someone else. Would you rather have the jobs, intangible benefits like increased real estate values, and other tax revenues, or nothing? Those are the two option. You can think it's not fair all you want, and it's probably not, but that's how it works. It's not going to be fair so you can either play the game or take your ball and go home to your Hooverville because you ran all the jobs out of town.
Posted on 1/18/19 at 9:24 am to sec13rowBBseat28
quote:
Makes no sense to me that the EBR school board is voting on taxes involving our biggest and most important tax payer.
I'm sorry, what?
The government agency that actually sets the tax doesn't have the right to vote on issues involving the tax?
Posted on 1/18/19 at 9:24 am to Prominentwon
No it’s not.
Exon BR will more than likely not close due to the tax breaks, but that doesn’t mean it has to expand and bring in more money and jobs to the state.
Exon BR will more than likely not close due to the tax breaks, but that doesn’t mean it has to expand and bring in more money and jobs to the state.
Posted on 1/18/19 at 9:24 am to Prominentwon
Can St George annex the stretch along the river north or downtown and up to Zachary? Asking for a friend.
This post was edited on 1/18/19 at 9:25 am
Posted on 1/18/19 at 9:26 am to Oilfieldbiology
quote:
I would prefer the school board not have a vote on tax policies anyway. Isn’t hat what politicians are for?
So, the elected school board, aren't politicians?
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