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Re:Google Wants $15M in Tax Breaks to Build a Data Center in... by tptacek on Monday March 04, 2019 @07:01PM (#19306922)
I read that too and don't understand it at all. Do you? By "shortfall", do they simply mean "if we charged full property taxes to Google, the revenue we'd get would be much more than the taxes we'd get from the 50 FTEs at the data center"? "Shortfall" suggests money the city and county would essentially be "spending" to have the data center, but that's not what's happening, right?
Re:Google Wants $15M in Tax Breaks to Build a Data Center in... by abakker on Monday March 04, 2019 @07:22PM (#19307044)
https://www.taxnotes.com/editors-pick/google-seeks-20-years-...

that seems to be a much better article, but still doesn't elaborate on that "shortfall". The Taxnotes article makes this seem like a much better deal for the down, and a much more reasonable ask from google. They are effectively asking that they be granted a reduced increase in taxes on the proposed vast increase in property value from the value of their development"

>The county assessor valued the land at $1.76 million, and the city estimated that the property's market value upon completion would be $41.6 million. Local real estate taxes on the property are around $16,476 and are estimated to jump to $328,726 after the facility is built. Jet Stream requested property tax breaks for 20 years for the data center, but not school district tax abatements.

Re:Google Wants $15M in Tax Breaks to Build a Data Center in... by tptacek on Monday March 04, 2019 @07:42PM (#19307151)
What a great find. Thank you!