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PORTSMOUTH INCOME TAX RETURN  Form

PORTSMOUTH INCOME TAX RETURN Form

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SIDE, YOU'RE WATCHING WEEK, THE NEWS AT 6. TOM SCHAAD: WHEN IT COMES TO GENERATING TAX REVENUE. THE CITY OF PORTSMOUTH. BUT WITH THE NEW RIVERS OPENING THIS MONTH OF THAT LUCK IS EXPECTED TO CHANGE INVESTIGATIVE REPORTER CHRIS HORNE SHOWS US HOW THE CITY HAS NEVER HELPED BEFORE. WITH A HUGE NAVAL SHIPYARD, A NAVAL MEDICAL CENTER AND OTHER KEY REAL ESTATE THAT DOES NOT GENERATE ANY TAX REVENUE. PORTSMOUTH DOESN'T COME TO THE TABLE WITH A WINNING HAND. HOWEVER, WITH THE OPENING OF THE NEW RIVERS CHANGE. WE DON'T HAVE THE TAX STRUCTURE THAT OTHERS DO. THIS GIVES US A FIGHTING CHANCE, IF YOU PORTSMOUTH, NATIVE AND LONGTIME COMMISSIONER OF THE REVENUE FRANKLIN EDMONDSON SAYS THE CITY EXPECTS TO RAKE IN ANYWHERE FROM 12 TO 16 MILLION DOLLARS IN TAX MONEY EACH YEAR FROM THE NEW . WHO WILL THE HOLE CARDS THAT HAVE YET TO BE TURNED OVER. THAT'S GOING TO BE LEFT TO THE CITY MANAGER AS WELL AS TO THE COUNCIL. BUT I YOU KNOW, FIRE POLICE SCHOOLS, ALL CITY AGENCIES, CITIZEN IN THE CITY OF PORTSMOU

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