Reading City Council Disagrees On Land-Value Tax Option

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

Mayor Vaughn D. Spencer’s push to switch the current property tax to a land-value tax over the next five years ran into a traffic jam with City Council on Monday.

Some members flat out rejected it, and Council President Francis G. Acosta said he’d prevent any vote until he hears public support for the move.

The argument began when Gordon Mann, senior consultant with Public Financial Management Inc., the city’s Act 47 adviser, said it expects to have a recommendation on the proposal in 30 days.

“On the other hand, we have had a lot of conversations about it, and I need to have some feedback from council,” said Eron Lloyd, Spencer’s special assistant and point man for the land-value tax, which he says will encourage economic development.

Read more: http://readingeagle.com/article.aspx?id=503411

One comment on “Reading City Council Disagrees On Land-Value Tax Option

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