Thursday, January 15, 2009

The Nature Conservancy cuts local WI school revenues

The Nature Conservancy announced that it will stop paying taxes on the land it owns in some rural communities- taxes that local government use to fund schools, roads and other critical local services.

Rural communities that are locates in areas where The nature Conservancy is the largest landowner know that they cannot financially survive without TNCs support, so this could be the beginning of the end of these communities. We suppose that after some years of struggle these communities will deteriorate financially, people will move out, foreclosures will increase, and property values will fall.

But have no fear, once the communities start to look like ghost towns then The Nature Conservancy will be there to buy up the remaining properties from the former residents for at pennies on the former dollar value and then sell this land back to the state's taxpayers at a big profit.

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