Councilman vows to keep tax abatement reform on the agenda

tax abatement reform councilman wilson goode jr.
Councilman Wilson Goode Jr. said his fight to reform the city’s tax abatement policy is not over.
Credit: Rikard Larma/Metro

City Councilman Wilson Goode Jr. on Thursday withdrew a bill he proposed last year that would have, effective 2016, capped the 10-year property tax abatement the city extends to new development and renovations at $500,000 and reduced the amount of the abatement during the final five years by 20 percent annually.

As a portion of Philadelphia’s property tax goes toward funding city schools, the measure would have freed up revenue for education.

“My opponents suggest we go find funding for schools elsewhere,” Goode said Thursday.

“I suggest we find private developers funding elsewhere other than through the tax abatement. Not every developer needs funding, but every school needs funding.”

Despite his decision to withdraw his initial proposal, the councilman said his fight to reform the city’s property tax abatement policy is far from over.

Goode said he’ll instead fully focus on moving forward a bill he proposed last week, entitled the Fully Fund Schools Tax Abatement Bill, which would extend the property tax abatement indefinitely to all city and school district-owned properties as early as next year.

“The reason I’m withdrawing this bill in favor of [the Fully Fund Schools Tax Abatement Bill] is my priority now is funding for schools as soon as possible, not in 2016,” Goode said, calling on Mayor Michael Nutter and the School Reform Commission to reject the current abatement policy and “give much needed money to schools.”

The new bill still needs to go through a City Council committee hearing before it comes up for a full vote.



News
Entertainment
Sports
Lifestyle
Local

NYPD: Man denied money punches 65-year-old at Bronx…

A 65-year-old man was punched and shoved at a D train station in the Bronx last week when he denied another man money, police said.

Local

New York Governor Cuomo's office intervened in corruption…

New York Governor Andrew Cuomo's office meddled with a commission he created to root out corruption in state politics, pushing back whenever it focused on groups tied to Cuomo, the…

International

South Korea ferry fugitive found dead with bags…

By Ju-min Park and Sohee KimSUNCHEON/INCHEON South Korea (Reuters) - South Korea's most wanted man, whose heavily decomposed body was found in an orchard last…

News

NY judge throws out lawsuit by Empire State…

A New York state judge has thrown out a lawsuit in which longtime investors in the Empire State Building claimed they were shortchanged out of hundreds of millions of dollars…

Books

Art imitates life (almost) in David Shaprio's new…

David Shapiro talks about his book, "You're Not Much Use To Anyone."

Movies

Interview: 'Happy Christmas' director Joe Swanberg on making…

"Happy Christmas" filmmaker Joe Swanberg talks about the collaborative nature of his films with name actors and the difficulties of getting indies seen.

Gossip

Is Justin Bieber now a Calvin Klein underwear…

A source told the Daily Mail that Justin Bieber "has shot for Calvin Klein" and that they "hope the results will be released later this year." While probably…

Gossip

Peaches Geldof's death was drugs-related, coroner rules

LONDON (Reuters) - The death of Peaches Geldof, the daughter of musician and Band Aid founder Bob Geldof, was drugs-related, a coroner ruled on Wednesday.The…

NFL

3 storylines to watch as Jets open training…

Jets head coach Rex Ryan might be in for an even tougher job in 2014 after arguably his best coaching job last season.

NFL

David Tyree hiring has gay rights advocates angry

Former Giants Super Bowl hero David Tyree will re-join the franchise as its new director of player development.

NFL

Ben McAdoo's new offense has Giants excited to…

Even Tom Coughlin feels he has a lot to learn about offensive coordinator Ben McAdoo’s new offense, which makes the veteran coach very excited.

MLB

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead…

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead pack

Tech

Learn Braille with these gloves

U.S. scientists have designed high-tech gloves to help users understand Braille in a matter of minutes.

Home

5 New Ikea products that will change your…

We round-up the latest must-have products.

Food

Recipe: Wolfgang Puck's Buttermilk French Toast

We recently spent some time chatting with restauranteur/celebrity chef Wolfgang Puck at his Wolfgang Puck American Grille in the Borgata in Atlantic City. Puck wanted…

Style

Go retro with your sneakers

The best of wacky new sneakers.