Spencer, City Council To Discuss Reading Water System Options

A 1947 topographic map of the Reading, Pennsyl...

A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)

Mayor Vaughn D. Spencer and City Council will explore a more-lucrative lease or the possible sale of the water system to help Reading avoid its looming fiscal cliff.

Those two options are among several that could help close a $15 million budget gap that will open each year beginning in 2015.

In a three-page memo given to council at an executive session Monday, Spencer requested both sides jointly begin what he called a comprehensive and objective assessment of all the city’s options.

“These are things we can’t do without the support of council; they have to be part of it,” Spencer said later.

Read more: http://readingeagle.com/article/20140117/NEWS/301179948/1052#.UtltFfQo6c8

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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

Reading Eligible For Revitalization Funds; May Miss Application Deadline

A 1947 topographic map of the Reading, Pennsyl...

A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)

The state has given Reading the eligibility it wants to compete for a highly prized City Revitalization and Improvement Zone that, similar to Allentown, would use state and local tax revenue to attract jobs and millions of dollars in private investment.

But it’s still uncertain whether Reading will be one of the two pilot cities the state chooses in the first round this year, or even whether the city will apply in time.

Lancaster already has submitted its own proposal, and Bethlehem is expected to shortly.  The second round for two more cities doesn’t begin until 2016.

Mayor Vaughn D. Spencer could not be reached for comment.

Read more:  http://readingeagle.com/article.aspx?id=494416