Ignoring economic development and turning away an industry that could have revitalized the budgets of Coos and Curry counties is nothing short of financial self-sabotage. As federal funds that kept the economy afloat during the COVID-19 crisis dry up, property taxes are soaring nationwide to fill the void. Local governments, desperate to balance their budgets, are proposing property tax hikes of 20%, 30%, even 40%. Curry County is teetering on the brink of bankruptcy, with Coos County not far behind. And guess who will bear the burden? Property owners, brace yourselves for a financial shock.
While offshore wind is generating a steady stream of revenue for counties and towns in California, helping to stabilize their economies, Coos and Curry counties have let the opportunity slip away. The result? A heavier financial load on your shoulders. It’s time to get ready—because your wallets are about to feel the impact.