Victoria Heller wrote:

> Given the number of bankruptcies and the business exodus from Minneapolis,
I
> strongly suggest that you include some businesses, as instructed by C. M.
> Niziolek.  They are, after all, the stakeholders who bear the heavy tax
> burden and create the jobs in town.

I hate to confuse rhetoric with facts, but....

Annual average number of employing establishments under private ownership
reporting for unemployment insurance to Minn. DEED

1996:  12,170
1997:  12,594
1998:  12,567
1999:  12,525
2000:  12,657
2001:  12,458
2002:  12,232
2003:  12,437

Not exactly a business exodus.  A slight downturn during the recession
mirroring national trends but heading back to historical averages. Note that
this includes all establishments, including very small businesses so some
fluxuation is also to be expected.

Also it is homeowners and not businesses who bear the heavyest burden for
taxes.  In 2005, homeowners pay 52% of the burden while
commerical/industrial properties pay only 27.2%.  And it is homeowners who
are paying an increasing share of the load while it is business who is
reaping huge reductions in their tax bills, curtosy of the Legislature.
For  example, in just 2001, commerial/industrial property paid 51.9% of the
total property tax bill while homeowners paid 37.4%.

So maybe this weekend if someone running for the House comes by you can ask
them when they will decide to stop shifting the burden onto homeowners.

Carol Becker
Longfellow
Geek







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