FOR IMMEDIATE RELEASE: Oct. 7, 2011
CONTACT: Daniel Scarpinato
More tax-and-spend proposals from the status quo candidate
PHOENIX – Career-politician Greg Stanton wants to institute a penalty on Phoenix private property owners who cannot afford to develop their land in a down economy – land they are already paying taxes on.
“Having those empty lots really hurts the quality of life. Those property owners should pay a penalty for that … It shouldn’t be free,” Stanton said at Wednesday’s night debate.
Actually, it’s not free. Property owners are already paying a 16 percent assessment ratio on vacant land. And that’s not including various other property taxes that are levied by other jurisdictions the land resides in.
Additionally, Phoenix is struggling through one of the deepest economic recessions in the country. We’ve lost more than 250,000 jobs and the housing and commercial real estate markets have collapsed, making it difficult – if not impossible – for property owners and private developers to move forward with plans they had prior to the downturn.
Office vacancy in Phoenix has reached a high of nearly 30 percent.
Stanton’s fine would make matters worse.
“Maybe Greg missed a few things after he quit his job on the City Council, but in 2008, the real estate market collapsed and has yet to recover,” said Gullett spokesman Daniel Scarpinato. “This is just one more example of how Greg Stanton wants to grow government and increase its control over business, even at the expense of private property rights. There’s a clear distinction between Greg’s growing government approach and Wes Gullett’s plan to cut taxes and reform City Hall.”