City for Champions means tax relief
“Springs residents asking for “tax increment financing” are mostly fiscal conservatives seeking the aforementioned tax relief. They want state officials to cut Colorado Springs a break on 13 percent of the state’s portion of prospective sales taxes, which the projects would generate, so the money can stay here instead of going to Denver for redistribution to outside interests.
If the commission agrees to the request, allowing tax relief, more money will stay in Colorado Springs to pay for endeavors that create jobs, attract tourists and grow the economy. Economic growth is the least painful way to pay for needs, such as stormwater infrastructure and roads. It’s the only way to create good jobs.
In opposing “tax increment financing,” opponents should be honest and clear. Their position favors a stagnant economy that cannot afford to pay for needs.”
Gazette 13 December 2013.