Greater Florence Chamber of Commerce’s Post

Completed 10 Year Perkasie Revitalization: What was the Impact? Feature article: Bucks County Herald by Joe Ferry “No property tax hike in Pennridge School District for 7th consecutive year!” HOW DID THAT HAPPEN? Barth Consulting Group (BCG) helped create over $200,000,000+ million of new development and housing in Perkasie Borough and assisted in opening over 70+ new businesses there over a ten year period. BCG helped develop over 400 new homes that has generated millions of new revenues for the Pennridge School District and Perkasie Borough in the form of new Real Estate and Earned Income Taxes. “Approved in June, the district’s $154.6 million budget shows a $5.1 million increase in spending (3.45%) but relies on organic projected revenue increases to keep the numbers balanced, including: • $830,000 in real estate tax revenue due to growth; • $1.4 million more in earned income tax revenue; Since 2016-17, annual spending in the Pennridge School District has increased by about $23.5 million. But during the same time, the property tax rate has remained steady.” https://lnkd.in/ePD53cnp

Counties in Colorado may soon have a new way to take advantage of tax increment financing (“TIF”). Currently, there are only two ways to leverage TIF in Colorado: establishment of an urban renewal authority or establishment of a downtown development authority.

Completed 10 Year Perkasie Revitalization: What was the Impact? Feature article: Bucks County Herald by Joe Ferry “No property tax hike in Pennridge School District for 7th consecutive year!” HOW DID THAT HAPPEN? Barth Consulting Group (BCG) helped create over $200,000,000+ million of new development and housing in Perkasie Borough and assisted in opening over 70+ new businesses there over a ten year period. BCG helped develop over 400 new homes that has generated millions of new revenues for the Pennridge School District and Perkasie Borough in the form of new Real Estate and Earned Income Taxes. “Approved in June, the district’s $154.6 million budget shows a $5.1 million increase in spending (3.45%) but relies on organic projected revenue increases to keep the numbers balanced, including: • $830,000 in real estate tax revenue due to growth; • $1.4 million more in earned income tax revenue; Since 2016-17, annual spending in the Pennridge School District has increased by about $23.5 million. But during the same time, the property tax rate has remained steady.” https://lnkd.in/eGrzKjTw

Discover how Shakopee Mdewakanton Sioux Community (SMSC) made taxpayer education an entertaining and engaging experience for residents. The City used Balancing Act from Polco’s Taxpayer Receipt tool to educate homeowners on exactly how their tax dollars are spent. The tool breaks down each individual’s taxes, line by line, just like a common receipt. Then, Shakopee made a fun and engaging video to promote the use of the tool. See how they did it.  https://lnkd.in/eNsbD6af #CommunityEngagement #TaxpayerEducation #LocalGovernment #Transparency #Innovation  #Collaboration #ContinuousImprovement #Shakopee

The National Park Service has released some promising new data on the positive economic impacts of the federal historic rehabilitation tax credit program. From NPS' new "Annual Report on the Economic Impact of the Federal Historic Tax Credits for Fiscal Year 2022," prepared with the Rutgers University Center for Urban Policy Research: NPS found that in FY 2022 the federal historic tax credit program created 122,000 jobs and helped bring in $1.9 billion in new federal, state, and local tax income, putting under-performing properties back on the tax rolls. The report also shows that federal HTC projects aren't just for big downtown developers. Almost half of all federal HTC rehab projects in FY 2022 had budgets under $1 million, and 17% had budgets under $250,000. NPS found in FY 2022 that half of the certified rehabilitation projects were in low- and moderate-income areas. 78 percent of all federal HTC projects were in economically distressed areas, and nearly a third of certified projects were in communities of less than 50,000 people.  The federal historic tax credit program promotes economic growth, environmental sustainability, and housing affordability in communities big and small across the country. Our team at Ramsey Historic Consultants, Inc. is proud to assist our developer clients in utilizing this important program with the help of our friends at the State Historic Preservation Offices (SHPOs) and NPS. #ramseyhistoric #historictaxcredits #historicpreservation #affordablehousing

The Utah legislature’s 45-day session began last Tuesday, January 15th, where both the House of Representatives and the Senate convened to set the tone, establish procedures, and start legislative business. Appropriation subcommittees met Wednesday to address base budget bills and consider budget cuts or reallocations. At a recent meeting Speaker Schultz mentioned that there were most likely going to be some budget cuts due to the modest revenue projects for fiscal year 2025.    After handling base budgets, the appropriation subcommittees will review funding requests from state agencies and stakeholders for new one-time or ongoing appropriations. The subcommittees will then rank and prioritize these requests, sending them to the Executive Appropriations Committee (EAC) for consideration. The first half of the session involves this process, while the latter half sees the EAC making final funding decisions and drafting supplemental appropriations bills.    This year is projected to see a record number of legislative bills proposed estimated to be nearly 1700 in total. These bills will be considered, voted on, and advanced in standing committees starting last Wednesday, and continuing until midnight on the last day of the session set for Friday, March 1st, 2024.    2024 House Majority Policy Priorities People - Families  - Taxpayers  - Health & Wellbeing  - Students & Teachers  Resources  - Water - Energy  - Lands - Stewardship  Accountable Government  - Fighting for Utah  - Government Efficiency  - Public Safety  - Higher Education  Future  - Housing  - Transportation  - Technology    2024 Senate Majority Session Priorities - Energy  - Justice Reform  - Water  - Education  - Homelessness  - Tax Cuts - Infrastructure - Social Media  - Affordable Housing    To stay informed during the session, you can email Lisa Furner at [email protected] to sign up for our legislative committee email list. Bill tracking sheets will be emailed to you directly each week - additionally any member is welcome to join us weekly every Thursday for Legislative Committee meeting held in person at the AGC offices at 12:30 (Lunch Provided) or via Zoom.

Upcoming Vote and Propositions, remember to register to vote by October 10, 2023 Voters can decide to authorize a $100,000 property tax exemption for Texans’ primary homes; establish a temporary 20% limit on annual value increases for nonhomestead property worth $5 million or less; require members of appraisal boards in counties of over 75,000 people to serve staggered four-year terms; and prevent funds allocated for property tax relief from going against the state’s constitutional spending limit. Voters can decide whether to establish the Texas Water Fund, which would support new and existing water projects across the state. The Texas Water Development Board would oversee the new fund. For more information on all the propositions: https://lnkd.in/gQQ5HqZj #homestead #exemption #taxes #propertytax #primary #encorerealestate #gotoencore #gotorealtor #lorigoto #relief #vote #register #yourvotecounts #realestate #home #water #roads #parks #austin #texas #homeowners

Please take a moment to consider this: Maryland is facing a shortfall of $550 million in collected state income tax. Often, politicians respond to such deficits by proposing new taxes. However, current policies, like Project Labor Agreements (PLAs), typically favor unionized companies from out of state, such as those from Pennsylvania, over local Maryland small businesses and Minority Business Enterprises (MBEs). Since Pennsylvania and Maryland are reciprocating states, taxes paid by Pennsylvania workers on projects in Maryland actually go to Pennsylvania, and the same applies in the reverse scenario. With Maryland already under budget by $550 million, why should we allow out-of-state companies to undertake work that could generate tax revenue for Maryland? I urge you to contact your representative to express that this situation is unacceptable and needs attention.