The Southeast Messenger reported this week on the TIF?’s that Pickerington voted for and passed under emergency legislation in Pickerington. Here again they had their three readings and passed these measures without the public?’s input. I receive the agendas from the city twice a month. The day before the council meeting I received my agenda and a copy of the two ordinances. Last night I was able to read them and I have come to the follow conclusions. This was grand standing on the part of the Pickerington City Council. They are just paying back their political debt that they received from the Majority School members during the CEDA debate. They mentioned Lori Sanders more than once and Mr. Sigman was present to thank the council for their wonderful efforts.
Now let?’s factualize this as Mr. Parker might say (spell checker doesn?’t like the word factualize). The $200,000 gifted to the school is over a ten-year period. These are TIF?’s for the most part on retail type businesses. Why do we use TIF?’s for retail businesses that come here because of all the population growth in the area? The answer is we are broke and we can?’t afford to build a new road or put up a traffic signal. In fact, the largest TIF calls for another 4 way stop just south of the current Diley Road and Hill Road intersection. We fix one problem and create two more with this plan. They just do not listen to the public. They didn?’t want to give the Pickerington voters a chance to look at this plan and comment on it. It is their baby now so they must live with it along with the rest of us.
They say it will create $7 Million dollars worth of new taxes. That is over a ten-year period that they forgot to mention. Mean time the schools will be denied about $5.6 million in real estate taxes because the TIF is going to build roads and outer infrastructure that the city can?’t build with their capital improvement budget. That is $5.6 million from property that is not producing children into our school system. That would have been a net gain for the schools without the TIF.
Now ask your self why do we need these road improvements? Simply stated there are more people coming to our community. The city is trying to pull one over on the public this time around. They want those that vote for school board members to vote for their chosen ones because they (Sanders and Sigman and Carlier) fought hard and got the city to give them back about $200,000 from the $5.6 million they just took from the schools. Now if these restaurants and office buildings don?’t materiel in the next ten years then the Pickerington Tax Payers must make the payments on these TIF loans. Does anyone out there ever see empty office space located within the City of Pickerington? Do you see any empty restaurants? The retail real estate business is a very risky business. It comes and goes with the wind. Yet our city is placing its bets on this retail type businesses.
These new business will be paying a full real estate tax load for their buildings. Unfortunately the normal 80% of that tax that would have gone to the schools will now go to the city for road improvements.