Subsidy

Wichita property taxes are high, leading to other problems

November 21, 2011

High business property taxes in Wichita cause officials to take an “active investor” role in economic development, despite evidence that this approach does not work.

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Kansas and Wichita quick takes: Thursday November 10, 2011

November 10, 2011

Today: Occupy Wall Street; Johnson Controls; Save-A-Lot store opens; Teacher pay; Ranzau, Skelton to speak; Making economics come alive; Economics in two minutes.

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Giving away the store to get a store

November 8, 2011

Wichita will again chase the dream of “something for nothing” when it considers establishing a tax increment financing, or TIF, district at its December 6th meeting. The following article explains why this is a bad idea.

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Johnson Controls loan not needed

November 1, 2011

The Sedgwick County Commission will consider making a forgivable loan that is not needed.

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Pompeo to introduce ‘Energy Freedom and Economic Prosperity Act’

November 1, 2011

U. S. Representative Mike Pompeo of Wichita plans to introduce the “Energy Freedom and Economic Prosperity Act,” a bill that would eliminate all tax credits related to energy.

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Kansas and Wichita quick takes: Wednesday October 26, 2011

October 26, 2011

Today: Tax increment financing; Tax incentives questioned; The Moral Case Against Spreading the Wealth; Political pretense vs. market performance; Increasing taxes not seen as solution.

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Kansas and Wichita quick takes: Thursday October 13, 2011

October 13, 2011

Today: Wichita city leaders too cozy with developers?; Obama economic strategy questioned; Public vs. private; Kansas tax policy; Petition drive is on; Kansas education scores mixed; ‘Federalists’ author to appear in Wichita; Kansas gas wells appraisals; Lieutenant Governor in Wichita; Urban renewal.

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The Wichita Eagle on naysayers: a disservice to Wichita

October 10, 2011

While the Wichita Eagle criticizes those it calls “naysayers,” it is the newspaper’s editorial board itself that is harmful to the people of Wichita and their economic freedom.

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Courtyard Hotel up again for tax breaks

October 10, 2011

The request for tax breaks by an Old Town Wichita hotel raises several questions of public policy, and illustrates the need for pay-to-play laws in Wichita.

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Kansas and its own Solyndra

October 5, 2011

At this moment, we can’t say that Kansas has its own version of Solyndra, the subsidized and politically-connected solar energy firm that recently shut down its operations and declared bankruptcy. But as far as absorbing the important lessons from Solyndra, we may have another chance to learn them in Kansas.

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Ken-Mar TIF district, the bailouts

October 3, 2011

Circumstances surrounding the Ken-Mar shopping center in northeast Wichita illustrate how inappropriate it is for the city to serve as either entrepreneur or partner with entrepreneurs, and is another lesson in how Wichita needs pay-to-play laws.

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Kansas and Wichita quick takes: Friday September 23, 2011

September 23, 2011

Today: Downtown Wichita site launched; Keystone pipeline hearing, bus trip; Health care reform; Pompeo defends against Obama’s attack on aviation; Wichita corporate welfare opposed; The trap of job creation.

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Kansas and Wichita quick takes: Tuesday September 20, 2011

September 20, 2011

Today: Douglas Place value; Douglas Place vote delayed; Solyndra unnoticed by some; On Solyndra, the real lesson; Spreading the wealth: the costs; Kansas schools to be topic; Natural rights.

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At Wichita City Council, facts are in dispute

September 20, 2011

Some Wichita City Council members, including Mayor Carl Brewer, criticize citizens for their use of inaccurate and misleading information. So how do the statements made by council members fare when subjected to scrutiny?

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The resolve of the Wichita City Council

September 19, 2011

Despite her assessment of the will of the people of Wichita, The Wichita Eagle’s Rhonda Holman encourages the Wichita City Council to stick to its guns and do the opposite.

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Free market energy solutions don’t jeopardize national security

September 14, 2011

Free market energy solutions don’t jeopardize national security, write U.S. Representatives Mike Pompeo and Jeff Flake.

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In Wichita, private tax policy on the rise

September 12, 2011

In a free society with a limited government, taxation should be restricted to being a way for government to raise funds to pay for services that all people benefit from. But in the city of Wichita, private tax policy is overtaking our city.

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In Wichita, how tax increment financing can channel tax money

September 6, 2011

The flow of tax dollars Wichita city leaders have planned for Douglas Place, a proposed hotel in Wichita, creates a mechanism where taxpayer funds are routed to a politically-connected construction firm. And unlike the real world, where developers have an incentive to build economically, the city has created incentives for Douglas Place developers to spend lavishly in a parking garage, at no cost to themselves.

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Wichita’s high tax hotels

September 6, 2011

Community improvement district, or CID, taxes are often targeted at visitors to Wichita, and harm our city’s reputation.

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Our Downtown Wichita launched

September 2, 2011

As part of an effort to provide information about the Douglas Place project, a proposed renovation of a downtown Wichita office building into a hotel, Americans for Prosperity, Kansas has created a website. The site’s motto is “Limited government and free markets in Downtown Wichita benefit everyone. Centralized planning and crony capitalism benefit only a few.”

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For Wichita’s Project Downtown, goal keeps slipping

August 25, 2011

In selling a plan for the revitalization of downtown Wichita, promoters started with a promise of much private investment for just a little public investment. But as the plan proceeded, the goal kept slipping, and the first project to be approved under the final plan will probably not come close to meeting even the modest goals set by the Wichita City Council.

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In Wichita, historic preservation tax credits an inefficient form of developer welfare

August 22, 2011

As part of the subsidy plan for Douglas Place, a downtown Wichita hotel being proposed, developers plan to make extensive use of historic preservation tax credits to fund their project. This form of developer welfare, besides being inefficient, is largely hidden from public view.

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For Wichita’s David Burk, subsidy machine is working again

August 18, 2011

For Wichita real estate developer David Burk of Marketplace Properties, being on the receiving end of sweetheart lease deals with the City of Wichita is becoming a habit.

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Kansas and Wichita quick takes: Tuesday August 16, 2011

August 16, 2011

Today: Future of Kansas insurance exchange; Concern over Wichita spending; Kansas governor praises wind power; Corporate taxes; How the racism charge is used.

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Wichita City Council bows to special interests

August 10, 2011

Yesterday’s meeting of the Wichita City Council revealed a council — except for one member — totally captured by special interests, to the point where the council, aided by city staff, used a narrow legal interpretation in order to circumvent a statutorily required public hearing process.

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Wichita city council to decide between rule of law, or rule by situation

August 8, 2011

Tuesday’s Wichita City Council meeting will provide an opportunity for the mayor, council members, and city hall staff to let Wichitans know if our city is governed by the rule of law and proper respect for it, or if these values will be discarded for the convenience of one person and his business partners.

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Despite allegations, Wichita’s Dave Burk remains favored

July 28, 2011

Wichita developer David Burk remains in favor at city hall despite allegations.

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Public-private partnerships: the problems

July 27, 2011

Public-private partnerships have many problems, and Wichita needs to be cautious as the city relies on them.

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Pickens: It’s all about me, and MSNBC doesn’t notice

July 14, 2011

Appearing on the MSNBC morning program Morning Joe, energy investor T. Boone Pickens let us know that despite his no-nonsense business-like approach to supporting what he believes to be in America’s best interests, it’s really all about him and what profits him. But program hosts Joe Scarborough and Mika Brzezinski didn’t catch that.

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Despite subsidy program, Wichita flights are declining

July 14, 2011

Supporters of the Kansas Affordable Airfares Program are proud of the program’s success. But looking at the statistics uncovers a troubling trend that is obscured by the facts used to promote the program.

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Kansas and Wichita quick takes: Sunday July 10, 2011

July 10, 2011

Today: Wichita city council; Free the world seminar; Kansas news media criticized; The revolving door.

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Kansas jobs creation numbers in perspective

July 9, 2011

The administration of Kansas Governor Sam Brownback announced job creation figures that, on the surface, sound like good news. But before we celebrate too much, we need to place the job numbers in context and look at the larger picture, specifically whether these economic development wins are good for the Kansas economy.

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Kansas and Wichita quick takes: Friday July 1, 2011

July 1, 2011

Today: This Week in Kansas; Kansas taxes; Wichita sales tax; Koch criticism backfires — again; Tension on debt ceiling issue; Stossel: The Money Hole.

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For Wichita, Save-A-Lot teaches a lesson

June 6, 2011

The announcement that a Save-A-Lot grocery store will proceed — contrary to the claims of developers and city staff who rely on their information — should provide a lesson that yes, economic development in Wichita can and will happen without public assistance.

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Sedgwick County, Golf Warehouse, reveal shortcomings in procedure

June 3, 2011

A decision by the Sedgwick County Commission to grant a forgivable loan of $48,000 to The Golf Warehouse is yet another example of local government relying on corporate welfare as economic development, and exposes how little deliberation is given to making these decisions.

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In Wichita, corporate welfare not needed, after all

June 1, 2011

Announcement of a new developer proceeding with a Save-A-Lot grocery store project — without any of the subsidies Wichita approved — raises questions as to whether the city’s original offer of public assistance was genuine economic development, or just another instance of corporate welfare.

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Pickens criticism illustrates divide between free markets and intervention

May 24, 2011

Criticism by energy investor T. Boone Pickens of U.S. Representative Mike Pompeo and Koch Industries continues to illustrate the difference between those who believe in economic freedom and free markets, and those — like Pickens — who invest in politicians, bureaucrats, and the hope of a government subsidy.

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Kansas and Wichita quick takes: Tuesday May 24, 2011

May 24, 2011

Today: Wichita office condo values; Gates’ education reform criticized; Pawlenty, Gingrich on ethanol; Permission required to export natural gas.

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Pompeo on energy tax simplification

May 23, 2011

Congressman Mike Pompeo of Kansas calls for application of free market principles to all industries, including the end of special tax treatment for all energy-producing industries.

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Pickens and his energy plan

May 20, 2011

Whether natural gas is good for our future is an issue that deserves discussion. But the way T. Boone Pickens wants to accomplish his goal is harmful, and the arguments he makes are mistaken.

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Kansas and Wichita quick takes: Monday May 16, 2011

May 16, 2011

Today: Wichita City Council this week; Wichita as art curator; Legislature fails to confront KPERS; Over 30 major news organizations linked to George Soros; Romney seen as candidate of business, not capitalism; Programs for elderly must be cut; Social Security seen as unwise, financially; Market development in Wichita.

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