21/12/2010

Something Wrong with this Picture?

Patty Cake Fiacco
Just in case you wondered from time to time who pays most of the freight in Regina, here are a coupe of hints.
According to the Premier, Brad Wall Saskatchewan is booming economically. I don't really see it frankly but Brad insists.
So, in a boom, do you really have to offer incentives to corporations to lure them into your city/province?
Apparently you do.
Mosaic, that other American based Potash corporation is moving its "head office" to Regina when ever they get the new McCallum Hill Tower built in downtown Regina. The building, by the way, is the first new office tower  build in boomtown in 18 years..
They announced the move about a year ago but, development friendly city hall just agreed to give  the multi billion dollar corporation a five year tax break worth $1,500,000. I guess that decision was made to encourage a move that had already been decided upon tax break or not.
This in a year that, for those who actually pay city taxes, they will go up almost 5% and water tax will increase over 27% over the next  three years.
I wonder how a guy gets in line for the trough.

No comments:

Post a Comment

Agree or disagree, I would love to hear from anyone who visits the site