In the mid-1990’s (more than 30 years ago) developers renovated the old cotton mill on Capital Blvd. A tax break was available at that time to incentivize the preservation of the cotton mill rather than demolishing it. In exchange for officially listing the cotton...
Mayor Baldwin and her City Council majority including Jonathan Melton, Stormie Forte, Corey Branch and David Knight, who are all running for re-election, implemented a tax break policy for developers known as a “Tax Increment Grant” or TIG. Despite Baldwin’s claim otherwise, it can cost the City of Raleigh 5 million dollars in tax rebates every year FOREVER.
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INDY Week's "Best of" winners were announced June 15, 2022 and the results show INDY Readers have the same concerns about Raleigh as the voters who told Public Policy Polling they want change. Livable Raleigh commissioned a poll of Likely Voters and found four...
Longtime Raleigh resident Larry Helfant spoke at Livable Raleigh's June 14 Forum on Tax Increment Grants. His remarks appear below. As most people know, the Midtown area has seen explosive growth over the last ten years, especially in the Saint Albans/Wake Forest Road...
Long-time Raleigh resident Terry Snyder shared these remarks as part of the City's budget hearing. I am opposed to the City Budget FY22 because many of the funding priorities do not match the greatest needs of our diverse community. First and most important is...
Hello from Livable Raleigh. We have news! Raleigh's budget a TIGgy Bank? City Council went ahead and adopted its ill-conceived “Tax-Increment Grant” (TIG) policy. But Livable Raleigh's efforts to expose what’s wrong with their scheme are bearing fruit.For...
On May 12th, INDYWeek published an editorial critical of City Council's new Tax Increment Grant (TIG) policy. Here are some excerpts from the piece: "While the TIG is being sold as an economic development tool that will secure public benefits for Raleigh residents,...
Tax Increment Grants — TIGs for developers — are about to be turned into a perpetual slush fund, with Baldwin’s Council handing out the goodies and Raleigh taxpayers saddled with long-term debt.
Livable Raleigh Chair Susan Maruyama sent the following email to Councilor Melton, chair of the Economic Development & Innovation Committee. The EDI Committee met on April 27 to further discuss the Tax Increment Grant (TIG) Policy. Hello Councilor Melton, I just...