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Cape Coral Breeze Question of the Week: Are you a Yes or a No on the city of Cape Coral’s “Economic Development Ad Valorem Tax Exemption” referendum?

By September 2, 2022September 3rd, 2022No Comments

Question:

Are you a Yes or a No on the city of Cape Coral’s “Economic Development Ad Valorem Tax Exemption” referendum on the Nov. 8 ballot? Reasoning behind your position?

Tom’s Response:

No. It is typical of a poorly managed city to throw money at a problem. It rarely works and tax dollars are wasted. Promote development by lowering taxes for everyone. Make it easier for businesses to start or relocate to Cape Coral. Start with fixing our permitting system and our bad-for-business reputation. Give the new and reenergized Economic Development and Communications Offices a chance, and the resources to do their job without raising taxes, which is what this exemption will do. The Cape Competes Board should suggest reducing regulations and guide our Economic Development and Communications teams to improve our story. With these changes, we will reach the new industries and businesses we want to attract. As our population booms and we enhance our marketing strategy, so will our business numbers. This will keep tax dollars where they are needed; more police and fire, and speed up infrastructure for water, sewer, and roads.

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