OPINION EDITORIAL [OP ED] C.G. Willis, Dec. 8, 2015; updated 3/10/2016
The city council voted, renamed and officially rededicated the facility in May 2009 as the official "Winnsboro Frank M. White Memorial Airport." On March 8, 2016, the city council voted to amend the airport's name to Winnsboro Municipal / Frank M. White Memorial Airport.
Last November, the Winnsboro City Council expressed a desire to increase engagement of promoting the airport as an "economic engine" and re-established new airport board members. During that council meeting, some concerns were expressed for the airport board not being consulted first on the city's fee increases for airport usage. The board is an advisory board.
To bring awareness and as an opinion, it does not make economic sense to spend so much money in attracting business and economic devlopment on one hand and increase fees on the other hand. Citizen engagement can bring awareness to the benefits of maintaining an affordable accessible local airport. The city's website on the airport is outdated and uses an improper name. The 99 acres available for development is stated as a "recent" purchase, but was actually procured over 4 years ago.
WHERE IS THE AIRPORT?
One of the most important factors in bringing awareness to real estate and places is "LOCATION LOCATION LOCATION."
The Airport is just 1.4 miles from downtown at 200 Airport Road, Winnsboro, Texas. The mailing address is City Hall, 501 S. Main, phone 903-342-3654.
(1) City's info on "Winnsboro Municipal Airport" (click here)
(2) WinnsboroTexas.ORG info on Winnsboro Municipal / Frank M. White Memorial Airport (click here), including aerial pictures.
“SHOP LOCAL” impacts Property Tax offsets for All Wood County Property Owners
[C.G. Willis, Economist, Business Analyst]
SHOP LOCAL: SALES TAX DIRECT IMPACT ON PROPERTY TAX
C. G. Willis stated, “It is encouraging to see businesses expansion and new businesses permitting for the year, and the retail industry gearing up for the fourth quarter of holiday sales. In fact, increase in sales tax revenue from shopping local has a direct impact on diminishing a portion of Wood County property tax bills.”
Willis explained, “‘How so?’ someone would ask. Here’s how this works. When someone buys something in retail in Wood County, they generally pay 8.25% sales tax. How is that figure computed? There’s a collection of 1.5% city if the transaction occurs inside a city, plus 0.5 % County, and 6.25% State.”
“Property owners pay property tax to different entities, from their school district, city, the county and any special taxing districts. School districts may even overlap into different counties. Total sales tax allocations (revenues) to Wood County for the
year are an offset to the total County property tax, dollar for dollar. Then, a formula is computed to show the discount amount as a COUNTY reduction on the property tax bill received by the taxpayers.” Willis continued.
“For example, if the total year sales distributions (allocations of revenue) to Wood County (at 0.5% of retails sales) is $1.4M, then the Wood County property tax rolls are reduced for the county’s portion (not city, schools or special district) by that same $1.4M. The trickle down effect may not be a large amount per property, but it is a direct relationship: if retail trade does well, it lessens the burden on the county property taxes to owners, from commercial to residential.
“The essential economic impact is that retail trade is good business sense for EVEYRONE in Wood County, and why property owners from businesses, to homeowners, should care about encouraging others to SHOPPING LOCAL, in their area towns first, if they can.”
Willis concluded, “Generally, from an economic standpoint, a consistent 4% growth rate or better is a comfortable target figure to work with for growth, and we are certainly tracking ahead of those figures in most of our communities. The climate continues to remain positive for measured economic growth continuing into the holiday season.”
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