By taking thousands of acres off the
tax rolls, the corridor will remove thousands of dollars and cripple local
governments' ability to provide services.
TxDOT’s Response:
No. Businesses generate more in tax revenue for local communities and
school districts than undeveloped. As with any transportation project,
business development will occur near the corridor bringing increased tax
revenue for local services.
CorridorWatch: Yes and Maybe. No recognized study
that we are aware of has attempted to assess the economic impact that the
TTC will have on local communities and school districts. What is certain is
that thousands upon thousands of acres of taxable land will be removed from
the tax rolls of counties, school districts, rural hospital districts, and
utility districts. That action alone will result in a direct and immediate
loss of local revenue. It is impossible with any certainty for TxDOT to
assert that local governments will not be severely affected, if not indeed
crippled. There are however numerous examples of communities across Texas
that have suffered significant economic losses as the result of highway
relocations and bypasses. No road project anywhere in the world has ever
taken 146 acres of land for each lane-mile as the TTC promises to do across
thousands of miles of Texas. TxDOT is asking local government to take an
extremely long shot bet that property tax losses today and forever will be
somehow offset by potential revenues produced by yet unknown and uncertain
business developments at least five years into the future if and when the
road is completed and accessible to the local community. Who pays the bills
until then?
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