The
Mayor's jobs project indicates slow but steady gain in new jobs.
That's the good news. The bad news is that the jobs are of low
quality and are failing to increase city revenue to even 2011's low
levels.
A
snapshot: Income tax revenue for the first seven months of 2013 fell
$176,649 below the same period in 2011.
That
decline equates to a $17,664,900 decline in taxable business and
employee earnings.
Another
way of viewing the decline is that it represents the decline
represents 441 jobs paying $40,000 per year.
The
closing of Staples will not help improve the data. On the other hand,
the promised 259 good quality jobs at the Airpark next year
would make a major dent in the shortfall.
Paul
Hunter paulhunter45177@gail.com
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