April 4, 1991 |
Franklin Township officials have a simple refrain for their new tax abatement package. It goes something like this: We are not Washington Township. There, tax abatement has been nothing short of a disaster, Franklin officials said. Since approving a plan to give tax relief to local businesses in October 1989, Washington politicians have debated it and picked it apart - without putting it to much use. "We've read with less than bated breath the )lack of) success they've had," Mayor Harry Kennedy Jr. said at the first meeting of Franklin's tax abatement committee March 26. "It seems there have been many charges of favoritism, posturing.
August 15, 1991 |
The Central Bucks school board will reopen its 1991-92 budget the last week of this month to "abate" the district's real estate taxes as a result of the commonwealth's picking up more than its anticipated share of school funding. For those who have already paid their taxes - an estimated 80 percent of the district's taxpayers - it could mean they will get small rebate checks by mail. "All this is doing is giving the taxpayers back the money so the state can take it back from them," member Geryl McMullin said at the board's meeting Tuesday night.
October 17, 1990 |
West Deptford developer Anthony Guzzo left Thursday's Washington Township Council meeting a happy man. The council had approved his application for tax abatement, a decision that would save him almost $96,000 in property taxes during the first year that his planned Fries Mill Pavilion office park is in operation. But Guzzo's mood soured after a midnight phone call informing him he had not received the tax breaks after all. Minutes after he had left Thursday's meeting, the council had reversed itself and denied Guzzo's application.
March 28, 1990 |
The Greater Bustleton Civic League called Monday for repeal of the city's tax abatement program on new construction. Anticipating a call for tax increases in the mayor's budget address, to be delivered tomorrow night, the organization voted unanimously for repeal of the abatement program. Moments later, the 35 league members - meeting on the porch of the Bavarian Charity Society at 9940 Haldeman Ave. because of an error in scheduling - voted support for a suggestion that all construction be halted until "more police and firemen are sent up here.
September 19, 1991 |
Phoenixville Borough Council for two hours Tuesday night heard testimony about slum landlords, apathetic business owners and firetrap buildings, all the while looking for recommendations on a proposed tax abatement program. "I don't think that much was accomplished. We got more knowledge of what it was all about. But I don't know what you would really call accomplishment," Councilman John Fedora said yesterday morning. The hearing sought recommendations from residents and council members for boundaries for commercial and residential areas to be included in a Local Economic Revitalization Tax Assistance Act (LERTA)
July 5, 2005 |
A FEW YEARS ago, I bought a condo in Old City for my parents because they were looking for an excellent adventure to begin their retirement. After a couple of years of daily walks across the Ben, foreign movies at the Ritz and First Friday gallery-hopping, they've settled back into their Midwestern small town to grow old with the friends they've known since childhood. It was a great experience for all concerned. But, frankly, I'm glad it's over, because worrying about whether my newly hipster parents were home safe every Saturday night was a little too weird for me. Last year, I sold the condo and made some money.
June 29, 1990 |
City Council yesterday lifted the cap on residential tax abatements in an attempt to encourage new development. The measure, overwhelmingly approved by Council, exempts all new residential developments from paying taxes for three years after construction. The city had allowed a 100 percent tax abatement on the first $70,000 of market value of a new home or condominium. Extending the tax break to all new residential construction without regard to a property's cost was a victory for developers who said they needed the abatements to offset other high taxes and the generally high cost of doing business in the city.
August 15, 1990 |
Four applications for commercial-property tax breaks, including $8,231 for a proposed sports-medicine clinic at Lakeside Plaza, will be considered tomorrow by the Washington Township Council. The applications are the first batch to be reviewed since the council passed an ordinance over the winter allowing it to approve property tax cuts, also known as abatements, for new businesses. The tax-abatement program, which has been approved by the state, was designed to entice businesses to the township by offering a property tax break during their first five years of operation.
March 18, 1992 |
Investigators from the state Attorney General's Office have collected subpoenaed records of Washington Township's tax abatement program, which was abolished last fall after two council members asked the state to look into possible criminal wrongdoing. Investigators delivered a subpoena and picked up the records two weeks ago, said township business administrator Douglas Chastain. They returned Monday to pick up copies of the tax abatement ordinance. A spokesman from the Attorney General's Office would not comment on the subpoenas, nor would he confirm the existence of an investigation into the abatement program.
July 7, 2016
ISSUE | PHILADELPHIA DEVELOPMENT Build on gains and improve schools For all the complaining about Philadelphia's 10-year tax abatement, consider that the city and the region saw nearly $7.4 billion in new construction and major renovation between 2013 and 2015 ("Learning the drill," Thursday). That construction added 27,700 jobs and is revitalizing trade schools. This is taxpaying, home-buying, community-developing job creation. The abatement has revitalized entire neighborhoods, with developers risking financial ruin by building bigger homes - for less money and lower taxes - in fringe communities.