This bill takes a county housing subsidy law and broadens its application and funding sources. The bill allows funding to subsidize “workforce housing” (whatever that is) in addition to the previous menu of categories. The bill adds Ad Valorem sources (especially property taxes) to broaden its list of resources. The bill further gives the county power to distribute tax incentives to persons who have no financial interest in the housing. We object to the use of our property taxes to fund property development for others. The resulting development will likely pay no, or reduced property tax, thereby increasing the burden on other taxpayers. The authorization to give away tax incentives provides an opportunity for unethical pay outs.
