City maxing out tax breaks - PittsburghLIVE.com Pittsburgh is preparing to save PNC Financial Group $18 million on a new $170 million skyscraper with a special tax-financing offer, and that plan -- almost guaranteed approval by local taxing bodies -- would edge the city closer to a state-mandated limit on such deals.I've been against TIFs for years. Back in 2000 I ran on a platform that said, "NO MORE TIFs." In 2005, I said we should change the laws for TIFs in Harrisburg. In 2006, I still say -- NO MORE TIFs. None.
TIFs are very clever. They were master-minded and perfected by Tom Murphy. People from around the world have come here to see how it has been done - and they've done a decent job in duplication of the desired effects -- ripping off taxpayers who pay their fair share.
TIFs take away from school kids who are in schools today.
TIFs take away from police presence, garbage collection, rodent control and traffic engineers who need to keep our streets and sidewalks operational.
TIFs take away from home owners who then have to pay more because a downtown skyscrapper pays $18-million less than it should. And, PNC Plaza already got a $30-million GRANT from Harrisburg's Rendell anyway. The $18-million goes on top of the $30-million. The subsidization of that building is greater than $1-million per floor.