No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

A rare victory for business

by @ 15:36 on July 8, 2008. Filed under Politics - Wisconsin, Taxes.

Honestly, the fact that the state Supreme Court was unanimous in handing down said victory (per JSOnline’s DayWatch) is even rarer. They ruled for Walgreen’s against a couple dozen high-tax communities, including Milwaukee, Madison, Cudahy, Hales Corners, Kenosha and Waukesha, that use rent payments instead of market value as the determinant of the value of the property various Walgreen’s stores are on. Walgreen’s has developers buy choice properties and build to Walgreen’s specs, and in exchange, they pay above-market rent to the developer, along with the property taxes. Those communities, up until today, were using the higher rent payments rather than what the developer could sell the property for.

Naturally, the communities are saying that they’ll have to increase taxes on everybody else. How about cutting spending for a change, like those of us in the non-government world have to do every time our disposable income drops?

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