According
to the local newspaper a new company is coming to town that will have
an annual payroll of $2.4 million. The company, L&L Foods, plans
to use a temp agency to provide staffing with a pay range of $9 to
$11 per hour. A wage that will put the temp workers well below the
federal poverty income for a 3 person household.
The
taxpaying public will pick up the tab to support these low paid
workers in the form of the earned income tax credit, food stamps,
Medicaid, school lunches etc.
The new payroll will increase city annual income tax revenue by $24,000. In
order to return to the tax revenue peak of 2009 it would take 128
comparable enterprises.
However,
if we can clone the promised 259 higher paying jobs coming to the Air
Park's new hangar next year it would certainly be a major economic
improvement. Then maybe city services and those that provide them can
receive a too long delayed funding increase. Those hangar jobs,
estimated to pay around $25 per hour, could generate $135,000 in new
annual tax revenue, not counting the multiplier effect on the local
economy.
Paul
Hunter
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