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Should Largo Businesses Get Tax Breaks for Creating Jobs?

That's a question Largo voters will be asked on the Nov. 6 ballot. What's your opinion?

Largo voters will be asked this November to consider a property tax exemption aimed at creating new jobs.

The Nov. 6 ballot question will ask voters if they want to authorize the city to grant "property tax exemptions to new businesses and expansions of existing businesses that are expected to create new, full-time jobs in the City of Largo," the Tampa Bay Times reports.

Similar programs have been approved in Tampa and St. Petersburg, and one is also on the ballot this November in Clearwater, the Times reports.

Of Largo's six commissioners, only Bob Murray has voted against putting the program on the ballot, expressing concerns about the potential impact on Largo's property tax revenue, according to the Times.

What do you think? Should new or existing businesses get property tax breaks for creating new jobs in Largo? Post a comment below and share your opinion.

monique thomas July 26, 2012 at 04:19 PM
How about no property tax anywhere in the state and just a state sales tax? A one time credit does nothing to entice a business to hire someone. After the credit is used up the costs for the employee remain and then the business has to let them go or raise the price of their product to cover the employee wages. Adding an employee does not mean more sales are going to come in the door. The liability will more than likely remain for the company.

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