Unfortunately, the following story that ran in the Kannapolis Independent today will be prevalent across the state. I’m not hearing a lot of optimism at the local level, nor are we seeing much creativity. But gnashing of teeth is becoming popular.
In the first proposed budget of the post-Pillowtex era, Kannapolis? city manager has asked for higher property taxes, an increase in sewer and water fees, an increase in the cable franchise fee and more money spent on economic development.
So, we are to deduce that raising fees and taxes will lure new businesses to the area if we have incentives that are created due to the increases. Somewhere, somebody in an elected office is actually buying this logic.
