March 22, 2017
Click below to review the March 22nd issue of Choose Scottsdale: City of Scottsdale Economic Development newsletter. You’ll find information about new business and educational initiatives and activities.
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March 22, 2017
The problem with all this is that attracting both new residents and businesses, that are not related to tourism or that generate sales tax income, are a financial drain on the city and do not generate enough income for the city to match the increase in city expenses to service them. They both also dramatically increase traffic making it more difficult for all of us to get around, discouraging tourism, and stressing our infrastructure increasing maintenance costs. The city was sustainable attracting tourists and higher income residents (mostly single family residences) because both produced more income for the city than expenses, but most non retail businesses produce virtually no income for the city but do produce expenses. Similarly just adding more residents generates more expense than income for the city, again driving us away from being fiscally sustainable. In the end it means lower quality of life and higher taxes for us existing residents.
All this is not just an opinion, it is backed up by facts and proper analysis of the city’s financial status and sustainability which are available to anyone who wants to investigate it.