Wednesday, June 17, 2015

Houston Mayoral Election: Bill King on TIRZ

BlogHouston has posted an editorial from the Bill King Campaign on a subject that I have brought up from time to time: Tax Increment Reinvestment Zones (TIRZ)

While it is not the policy of this blog to make endorsements in elections, I do believe this issue will be big in the coming years and Mr. King's thoughts are worth a read.

King: Growing Concerns Over TIRZ, BlogHouston


Since BlogHouston sought, and obtained, permission from the King campaign to reproduce the editorial in full, I will not block-quote here but will encourage you to head over to that site and read the entire thing.

What I will do is re-post some of my thoughts from a previous post on how TIRZ can be reformed:

 - Shorter, more flexible sunset dates. - This would allow the TIRZ to be brought to an end once their mission ended.
 - More narrowly defined objectives - Preventing the 'mission creep' that we're now seeing in highly developed areas where TIRZ officers are trying to keep their phony baloney jobs.
 - Harder boundaries - Preventing the types of land-grabs that are outlined in the Press piece.
 - More accountability - Including increased audit requirements and new, more robust, public disclosure rules.
 - Term limits for appointments -  because.