Jeff Branscome writes about Spotsylvania County.
Correction for today’s story
Here is the correction: Spotsylvania County has tech zones for Rt. 1, Rts. 2 and 17, and State Route 3. A story yesterday named an area not in a tech zone. The county has special service districts for Lees Hill West and East, Massaponax and Harrison Crossing. A fifth one was incorrect in the story. Tech zones do affect Tax Incremental Financing districts and Community Development Authorities because the BPOL and Machinery and Tools taxes are rebated in tech zones.
I should have figured this out but I was trying to follow the presentation, which was a big mistake because it became pretty confusing.
But I did not have my common sense cap on last night.
A technology zone that overlaps a TIF or CDA would have an impact because TIFs and CDAs collect tax revenue, such as BPOL and Machinery and Tools tax, to pay off the debt of the infrastructure built near the development. Since a business in a tech zone that qualifies gets rebates on the BPOL and MT tax, then there is a problem.
Now whether is affects the county’s 10 percent “set aside” for transportation in Harrison Crossing, my answer is a questionable no. In the presentation, each is checked as NO for the set asides, but then it seemed like last night they did talk about possible ways of losing the 10 percent set aside.
I’d love for a supervisor to comment on clear up the confusion that happened last night for the benefit of the readers.