"The city of Toledo's revenue last year from
tax-sharing agreements with other communities increased sharply after
dipping a year earlier.
The city so far has collected $913,596 for 2007 from its joint economic
development zones and districts with Maumee, Perrysburg, Rossford, and
Monclova Township.
The final amount expected to be collected for 2007 is just over $1.06
million, according to data released last week. That's up from $654,366
in 2006 and $670,412 in 2005.
The joint development agreements have emerged as a way to boost
municipal tax revenues since Toledo has failed to expand its boundaries
through annexation, said Todd Davies, Toledo's commissioner of
development."
http://toledoblade.com/apps/pbcs.dll/article?AID=/20080212/NEWS16/802120...
It can't get any more simple than that.
Heck, even the morons who voted for Carty should be able to understand THAT simple equation.