As I mentioned earlier this week, I am philosophically opposed to incentivizing economic development with tax breaks. To me, the most offensive of these giveaways is the KOZ, under which the beneficiary is exempt from virtually all taxes, excepting federal income tax. But the tax break proposed for Chrin's industrial park in Palmer Township is a less offensive TIF, which uses tax money generated by the project to fund future development.
My thinking about this TIF changed during a public meeting in which Northampton County's Alicia Karner made a power point presentation, which was followed by comments from numerous individuals who support this project. Most persuasive, at least to me, was Palmer Township Supervisor Dace Colver.
Before getting into what Colver said, I want to share Karner's power point presentation, which lays out the nuts and bolts concerning this proposed TIF.
Chrin TIF Power Point