Friday, December 28, 2012

Mayor Karl Dean proposes two new tax break packages for companies

The Tennessean, Joey Garrison, Dec 28, 2012- Fresh off delivering $66 million in incentives to jump-start HCA’s move to a future Midtown high-rise, Mayor Karl Dean’s administration has orchestrated smaller property tax discounts to aid the growth of two other companies. (link)

My Comment: This practice of giving tax breaks for companies to stay or locate in Nashville is troublesome. Is this really necessary? Is this going to be the new norm?  Every company in town should threaten to relocate unless they are given the same deal. I hope the Council takes a hard look at this.

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