September 15, 2006

FINALLY A BRIGHT IDEA FROM THE CITY COUNCIL, CUT BACK ON PILOTS AND LOWER PROPERTY TAXES.

Congratulations to Dedrick Brittenum to speak about cutting back on the obscene number of PILOTS in Memphis and Shelby County and to consider it is time to cutback and lower spending and property taxes. However, it will be a difficult process because when you look at who is getting the reductions, you see a reflection of who contributes the most to the Herenton Administration and local politicians. Click below to see who is getting the meat while the taxpayers are getting the bone.

http://www.memphiswatchdog.org/downloads/Copy%20of%20pilots%205-17-05.pdf

What is really needed is honest oversight on the PILOTS. Are these people living up to their promises of average salaries and job creations that they promised initially when they got the PILOT. I can guarantee that there is no honest and effective oversight.

Click below to read the report that Mr. Brittenum read which indicates that these PILOTS are a giveaway and do not achieve what they promise. Also look at the following property tax rates for Memphis and Shelby County versus surrounding counties and Davidson (Nashville) county.

http://www.mercatus.org/Publications/pubID.2469,cfilter.0/pub_detail.asp

Property Tax rate comparisons

Memphis $7.4732
Germantown 5.63
Collierville 5.37
Shelby County 4.09
Nashville 4.69
Davidson County 4.04
Fayette County 1.74
Tipton County 2.85