Councilman: Schools should have final say in tax abatement dispute

City Council Philadelphia
Councilman Wilson Goode Jr. thinks the state-run School Reform Commission should have the final say over whether the 10-year tax abatement continues for the portion of revenue that goes to Philadelphia schools.
Credit: Richard Larma/Metro

In the latest development in his ongoing attempt to reform the city’s 10-year property tax abatement, Councilman Wilson Goode Jr. will today introduce a bill leaving it up to the state-run School Reform Commission to decide whether the abatement should apply to the portion of real estate taxes that go to Philadelphia schools.

The city currently extends the property tax abatement to new construction or improvements in an attempt to spur new development.

But since revenue from those real estate taxes are split between the city and the state-run city school system, critics have argued the abatement should be modified in light of both entities’ fiscal struggles.

Goode last month withdrew a proposal that would have capped the abatement and reduced it over the final 5 years.

He instead introduced legislation that would end the abatement for the portion of tax revenue that goes to city schools.

That bill has yet to undergo a committee hearing, but its introduction drew mixed reactions from fellow councilmembers.

Under Goode’s latest legislation, the SRC and city would be treated as separate taxing authorities.

The bill would require the SRC to by June 30, 2014, either approve the continuation of the abatement of the portion of real estate taxes that go to schools, or to remove that portion of abated taxes.

“In light of the statute, which treats each taxing authority separately, and the extraordinary fiscal crisis facing the school district, the School Reform Commission should have the opportunity and responsibility to terminate – or explicitly authorize – each of the existing tax exemptions from school district real estate taxes,” Goode said in a statement.

“The SRC should address the tax abatement similarly to other tax exemptions, such as tax increment financing projects and Keystone Opportunity Zones.”



News
Entertainment
Sports
Lifestyle
Local

Brooklyn man charged in roommate's stabbing death

A Brooklyn man accused of violently stabbing his roommate to death on Monday is in police custody and faces murder charges.

International

Dinosaurs could have survived asteroid strike

It turns out there is a good and a bad time for the planet to be hit by a meteor, and dinosaurs were just unlucky.…

National

OkCupid admits to Facebook-style experimenting on customers

By Sarah McBrideSAN FRANCISCO (Reuters) - OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on…

Local

MTA fares still increasing 4 percent in newly…

The agency said the 4 percent increases, previously announced in December, will remain steady even as the MTA deals with increasing labor costs.

Movies

Interview: Brendan Gleeson on the way 'Calvary' depicts…

Brendan Gleeson talks about how his new film "Calvary" began over drinks and how his character here is the opposite of the lead in "The Guard."

Movies

'Get on Up' producer Mick Jagger on the…

Mick Jagger, a producer on the James Brown biopic "Get on Up," talks about the time had to tell the singer some bad news and his favorite JB record.

Television

'Glee' star Lea Michele to appear on 'Sons…

"Glee" star Lea Michele has been confirmed as a guest star in the final season of "Sons of Anarchy."

Television

TV watch list, Monday, July 28: 'The Bachelorette'…

See Andi Dorfman make her big choice on tonight's 'Bachelorette' finale.

MLB

Angelo Cataldi: Ryan Howard deserves better from Phillies

Just last week, Ryan Howard endured the embarrassment of a benching that was inevitable, and yet still shocking.

NFL

Larry Donnell has inside track in Giants tight…

Little-known Larry Donnell of Grambling State currently has the inside track, as the second-year player has received the bulk of the first-team reps.

NFL

Computer to Jets: Start Michael Vick over Geno…

Jets general manager John Idzik says the choice of who starts between second-year quarterback Geno Smith and veteran Michael Vick will be a “Jets decision.”

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

Travel

Glasgow: Hey, hey, the gangs aren't here

This European city has done a good job getting rid of its more violent residents and revitalizing with artists.

Education

Babson College tops list of best colleges for…

Money magazine has just released its inaugural list of "The Best Colleges for Your Money" -- and the answers have surprised many. Babson College, which…

Education

NYC teens learn how to develop apps during…

Through a program sponsored by CampInteractive, the high schoolers designed their own community-focused apps.

Tech

The Ministry of Silly Walks app is both…

Monty Python have dug into their back catalogue for cash-ins once more, but with the Ministry of Silly Walks app, they've made something that's fun too.