Archive for September, 2010
Will the legislature raise business property tax?
Published in Finance and Commerce, September 9, 2010
Why would legislators single out business owners and their buildings for a big tax hit as part of the budget fix?
The simple answer is that they are politically safe targets. Businesses do not vote. Therefore, some legislators may be eager to turn to the easiest, and politically most safe, solution: let the state’s businesses pick up a substantial portion of the budget shortfall by increasing the statewide “general” tax (a tax paid directly to the state only by businesses, public utilities, and cabin owners) or by upping the classification rate on commercial-industrial properties.
Upcoming NAIOP fall community enhancement project in North Minneapolis-September 17th!
On Friday, September 17th, NAIOP members are asked to help Catalyst Community Partners and their northside partners in beautifying a neighborhood in North Minneapolis. Glen Gale Park, located at 2448 Ilion Avenue North, Minneapolis, and 45 of its surrounding homes, are in dire need of beautification. What is so great about this project, is that each of the homeowners will be working along side of the volunteers! What a great way to meet the people in North Minneapolis!
The day will begin bright and early at 7:00 am and we will be working until 6:00 pm. You may come for a portion of the day if that suits your schedule.
We will be putting in gardens, pulling weeds, picking up garbage, mowing, painting houses, doing trim work, etc. Dress for weather but you are encouraged to bring your own work gloves, wear appropriate footwear (no sandals) and anything else that makes it comfortable to do outside work. We work rain or shine. Last year, our best day of work was in soaking rain and everyone loved it.
Food, beverages, materials and supplies will be furnished with the help of RJM Construction.
Please RSVP to joni@catalystcommunitypartners.org or call 763-656-8810.
Public Pension Obligations Spooking Investors
“25 year party is over as fears of unfunded liabilities drive up interest rates; tough choices must be made soon.”
Read the article published by Finance and Commerce on August 11th, a commentary by NAIOP based on an interview with Rob Albright, Alternative Strategy Advisors, LLC
