Tax Abatement Huge Shot in Arm for City,

Tax Abatement Huge Shot in Arm for City, Study Finds – The 10-year tax abatement program has led to an explosion of new housing in the city, much of it at the lower end of the market, a BIA study finds. And when the abatements expire, the city’s balance sheet will be better off for it. Consider the 10-year property tax abatements on new construction and rehabilitation a down payment on a future gusher in revenue for the city thanks to the huge jump in construction activ… http://ow.ly/Skxf50aLECD

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s