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Cablewriter 
Member since Sep 7, 2012


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Re: “Texarkana's tax break — another state subsidy

Concerning the border city exemption for Texarkana:
I understand the rest of the state's concern about the exemption; however, from a view in Texarkana, a person has to keep in mind that Texas is only a hop-skip away. In other words, Texarkana, AR would essentially become a ghost town. Many people work on the Texas side and live on the Arkansas side. Saying that the state only sees 4 million in revenue is a narrow view of a larger picture. Houses are being built in Texarkana, the school is growing, city streets and highways are expanding, business is growing (Cooper Tire is located in Texarkana, AR - you think they will stay with a state income tax). While it may not be a benefit to the state cash cow, it certainly is a benefit to the county of Miller and the city. The growth has brought an economy that surprissingly has survived the recession and even added new hotels, a new convention center, new restaurants, and new housing development while the rest of the country lags behind. Take away that exemption, and the state won't see 20 million or 16 million more as you indicated...they state will see a mass exit to Texas. Miller county will lose everything from auto tag renewals and property tax to business and corporations. The rich, those where the 20 million will come from, will be the first and best set to move back across the lines to Texas. Ironically, the city of Texarkana, Arkansas already is at a lose due to corporate tax structures. There are no major hospitals in the city, no new car dealerships, and only recently did the city see a new commnutity college added (U of A!).

2 likes, 0 dislikes
Posted by Cablewriter on 09/07/2012 at 10:56 AM

 

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