COMPTROLLER GIVES BUSINESSES AN EXTRA

COMPTROLLER GIVES BUSINESSES AN EXTRA MONTH TO FILE NEW FRANCHISE TAX

For all the pro bond folks perhaps you should take a look into this new business franchise tax that was enacted by the legislature to offset the state granted local property tax reductions for school funding. There is no scare in this new franchise tax for this is the real deal and real businesses will be paying this and more if this bond election passes.

Guess most will feel OK for the coffee shop roundtable reports that most of the bond supporters are none business owners. To be fair I am sure there are business owners on both sides of the issue. I must say though that I spoke with one business owner and this business owner does not want folks to know their NO stance on the issue. "Scared it will hurt business. " They also conveyed that if the bond election did pass they may have to close the doors for business has been trending down over the last eight months. Some real estate folks are concerned that this could do more harm than good. Some realize that folks moving into an area judge the success of the local schools upon the product being produced and not the buildings owned by the school district.

Don't get to comfortable for those businesses are going to have to make up the difference if the bond election passes, and they can only do it by raising the prices you pay for goods and services. Then again - it may not since you may or may not buy your goods and services locally! After all, the two highest paid school employees don't pay property taxes in our community for they live outside the boundaries of the PISD.