Tax breaks and swindling the little guy

Toothless old man in hip-hop outfit holding cash

Who is really paying for businesses and commercial development in Middletown?  When you take a peak under the hood you realize it isn’t the developers and businesses.  There is a nice nearly 50% break on property taxes for up to 6 years if you know how to game the system.  And to make it worse, the system is designed for a bigger is better approach, the more you land you develop the bigger tax break.  But wait there is more, it’s not just for new developments, you can redevelop and get some of the same tax “incentives”.

It seems to me that the people who and up paying for the development is the little guy, while the guy who can afford to fight in court and be a bully ends up sitting pretty on their pile of money.

 

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