Reduced Quality of Life:
The Hidden Cost of Property Tax Giveaways
Due to the overwhelming response I received about the series on the Mount Vernon Industrial Development Agency (MVIDA) and the irresponsible PILOT (payment-in-lieu-of-taxes) programs, I am going to continue the topic to address a few more items we didn’t get a chance to spend much time on. To briefly summarize, in the IDA series we attempted to give an overview of “economic development” in general, including all the ways that cities and governments can attract new investors t