Comment Re:Portland (Score 1) 147
I live 1 mile from the Oregon border. I shop and work in Oregon all the time. I am familiar with Oregon.
It isn't speculation to think that an ISP might want to think twice about opening a new operation in Oregon. Comcast fought this new Central Assessment process for business property tax all the way to the Oregon Supreme Court. They lost just last October. http://www.bna.com/oregon-supr... Comcast says that the new assessment rules will cost them big. It increased their Assessment by $701 million in 2009 alone.
Basing the valuation of equipment and property even partly on the name of the owner, instead of the equipment and property alone, seems unfair. Changing the rules to create an exception to get around Measure 50, also seems like dirty pool.
If I owned an ISP, and was considering opening a business in Oregon, I think I wouldn't be doing my job if I didn't take a 2nd or 3rd look at how this new assessment scheme was going to impact my business.
This isn't a right wing or a left wing position. This is a business decision. A new, higher property tax system, is going to impact the viability of the budget for the operations.
I had never even heard of this central assessment until today, but it didn't take me 10 minutes to find out that Comcast sure as heck is upset about it. If Comcast is that mad, you can believe that Google and every other ISP in your State is also looking at it.
I do know that the past few years have been financially difficult for Oregon. The recession hit State and Local Government coffers very hard. I haven't heard any of my friends in local Government complaining about tax shortfalls for a few years, so I have to assume that things have started to bounce back. But in 2008/2009 when this change was made, things were really dark for Oregon, tax wise that is.