RGV Vipers facility to not pay property taxes for 30 years

Edinburg – The lease agreement between the City of Edinburg and the Vipers’ Corporation, which seems to have been written by someone in the Vipers’ Corporation is clearly primarily beneficial to the Vipers’.   In fact, we fail to see any benefit to the city.

The lease payment to the City will be ONE DOLLAR A YEAR

  • The Vipers’ will have ultimate-use-authority over the facility, little or no revenue will come to the City for thirty years.
  • The Vipers’ authority includes leasing to private businesses certain areas of the facility.
  • The City will pay all utilities including a maintenance fee to ensure effective day-to-day operation.
  • NO PROPERTY TAXES WILL BE PAID to the City, County, ISD or other taxing bodies for thirty years.

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Fewer Blacks, Hispanics Go Jobless Under Trump

by Fred Lucas, The Daily Signal

More black and Hispanic Americans are getting jobs on President Donald Trump’s watch, the latest employment numbers show, although critics accuse him of ignoring such minority populations.

The White House, not surprisingly, is happy to tout the results.

Unemployment among blacks declined from 8 percent one year ago to 7.3 percent in November, according to the Bureau of Labor Statistics. Blacks’ labor force participation rate rose slightly over the past year, from 61.9 percent in November 2016 to 62.2 percent last month.

Unemployment among Hispanics fell by a percentage point, from 5.7 percent to 4.7 percent, over the year. Hispanics’ labor force participation rate held steady, dipping from 65.7 percent to 65.6 percent.

The labor force participation rate reflects the percentage of Americans working or actively looking for work, while the unemployment rate is the percentage of jobless Americans still looking for work, as opposed to having given up.

“All Americans continue to see results from the president’s bold economic agenda,” White House spokeswoman Lindsay Walters told The Daily Signal in a written statement, adding:

While overall unemployment in November remained at a nearly 17-year low, the rate is also at historic lows among several groups, including Hispanics—where it is the lowest in at least 44 years—and African-Americans—where it is at its lowest levels since 2000.

The overall unemployment rate fell to 4.1 percent, a 17-year low. It was 3.6 percent among whites and 3 percent among Asians, about the same for both as a year ago.

Teen unemployment, measured from ages 16 to 19, was the dark lining. Though it dropped nominally from November 2016, from 26.6 to 25.5 percent, that’s up from 23.3 in July.

Limiting taxes and curbing unnecessary government regulation makes it easier for workers and entrepreneurs to succeed, said Daniel Garza, president of the Libre Initiative, a conservative Hispanic group.

“The Hispanic community is beginning to see the benefits of an improving economy. Lawmakers in Washington have a critical opportunity to deliver on tax reform that lowers rates, closes loopholes, and enhances competitiveness—which families and entrepreneurs are counting on,” Garza told The Daily Signal in an email statement, adding:

By locking these reforms in place for the long term, Congress and the president will help to ensure a stable environment that encourages greater economic opportunity and wage growth. Reducing the tax rate on American businesses to 20 percent—without creating new tax burdens—will be particularly helpful in ensuring the U.S. economy is competitive with those of our major trading partners, boosting the prospects of American workers and families. Hispanic families stand to gain a great deal if lawmakers deliver on these promises in the days ahead.

The economy has surpassed 3 percent growth for several months.

When President Barack Obama was in the White House, critics of candidate Trump said 3 percent growth would be impossible, noted Stephen Moore, an economist who is a distinguished visiting fellow at The Heritage Foundation.

“The left’s problem is that they said there is no way to grow the economy at 3 percent, and now they say it’s because of Obama,” Moore, who advised the Trump campaign on economics, told The Daily Signal. “Every economic indicator, with no exceptions, shows we are looking at forward growth. It’s very positive, and a dramatic improvement.”

The post Fewer Blacks, Hispanics Go Jobless Under Trump appeared first on The Daily Signal.

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Local businessman wants McAllen taxpayers to pay for Mexico security

McAllen – A McAllen businessman would like to see city administration, the McAllen Chamber of Commerce, and the McAllen Economic Development Corp, scrap the $300,000 allocation for “Amigos Always” marketing campaign, and use those funds to hire a security team to protect areas of Mexico, particularly the highway between the border and Monterrey that’s become riddled with crime and violence.

Jesus Gonzalez, owner of NIU Urban Living, expressed this need at a FUTERO McAllen forum discussing McAllen’s retail decline from Mexican Nationals. According to Gonzalez, via Rio Grande Guardian, McAllen’s sales tax revenue has dropped 5 million dollars, with experts citing border violence as the cause. Gonzalez even went further with the need for funding by requesting that McAllen double what’s already being spent on Amigo’s Always, which would make the request around $600,000.

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