Reading City Council Adopts $84 Million Budget; Most Taxes Remain Unchanged

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

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

City Council on Monday approved a 2014 budget of $84.4 million that leaves most tax rates the same, but puts about $1.5 million into a contingency fund that may be needed to pay for its recycling program.

Council also voted 6-1 to turn down Mayor Vaughn D. Spencer’s request to switch to a land-value tax that he said would spur economic development.

Councilman Jeffrey S. Waltman Sr. voted for the move, which Spencer had called his signature initiative.

The land-value tax would have lowered the tax rate on each property’s buildings by 20 percent a year until it’s entirely eliminated, but make up for that by raising the tax rate on land.

Read more: http://readingeagle.com/article.aspx?id=520206

Reading City Council, Administration Haggle Over Several Issues At Budget Meetings

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

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

How essential are the nine full-timers and three part-timers that Mayor Vaughn D. Spencer wants added to the proposed 2014 budget, including a media manager, a post that was so controversial last year?

Does the city want to keep $500,000 on reserve yet another year for the Central Pennsylvania African-American Museum’s proposed expansion, or use that money to spruce up parks?

Is the city’s outside consultants’ report – on Spencer’s plan to shift the property tax to a land-value tax – an endorsement of that plan?

Should the city drop earned income and commuter taxes by 0.1 percent as planned, or keep them flat because of coming budget woes?

Read more: http://readingeagle.com/article.aspx?id=515907

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

Spencer Unveils Bold Plan For Reading

English: Downtown Reading, Pennsylvania; with ...

English: Downtown Reading, Pennsylvania; with Berks County courthouse on left; July 2007 (Photo credit: Wikipedia)

Reading Mayor Vaughn D. Spencer on Thursday outlined an ambitious agenda of more than a dozen initiatives, some already begun, to improve the finances and conditions of the city and its neighborhoods.

Speaking to several dozen people attending the Pennsylvania Economy League’s Issues Forum at the Berkshire Country Club in Bern Township, Spencer recounted his campaign themes and said: “Those are the promises; what people expect is performance.”

He then led the audience through a rapid-fire explanation of where the city is and where it’s planning to go in several key areas.

He said the city has set goals for each area and is requiring any department initiatives to match those goals, with their results to be measured.

Read more:  http://readingeagle.com/article.aspx?id=472999