Proposed city income tax in Ypsilanti continues to be a bad idea
The Ypsilanti City Council is again working to raise our taxes. They plan once again to put a city income tax proposal on the ballot. Also, they want voters to pass a Water Street debt retirement millage: read tax increase. The city income tax was a bad idea in 2007, when it was voted down by Ypsilanti’s working people by a 2 to 1 margin. It is a bad idea now. Even those in favor of the income tax admit that it will not solve the city’s budget problems.
The Water Street millage is also a bad idea. This tax increase forces Ypsilanti property owners to pay for the city government’s costly Water Street debacle. It takes council members off the hook, and places property owners squarely on it.
In the spring of last year, Burger King offered to pay $400,000 for a one acre Water Street parcel. They proposed building a restaurant that was designed to “complement Ypsilanti’s downtown aesthetic.” The restaurant’s interior would have a “downtown feel”, with carpeting, couches and an Internet kiosk. In other words, Burger King bent over backwards to accommodate the city’s Water Street “vision.”
The $400,000 from Burger King’s property purchase could have paid most of Water Street’s first debt payment. The restaurant would have brought in roughly $30,000 per year in new tax revenue.
Most importantly, the restaurant would have represented a starting point in the development of the 38-acre site. More businesses would have followed. But the self-proclaimed visionaries of City Hall, acting like a gang of anti-capitalist commissars, rejected Burger King’s proposal.
Consequently, Water Street continues to be occupied exclusively by grasshoppers and stray dogs.
Don’t give City Council any more money. Vote no on all of their future tax increase schemes.