Oct. 23, 2014   48°F   School Closings
Listen Live WCPN / WCLV
ideastream
Mission 4
Values 1
Values 2
Values 3
Vision 3
Vision 4
Vision 5
Values 4
Values 5
Values 6
Vision 1
Vision 2

Choose a station:

90.3 WCPN
WCLV 104.9
WVIZ/PBS

Choose a station:

90.3 WCPN
WCLV 104.9
WVIZ/PBS
Pledge your support to 90.3 WCPN ideastream now!

Residential Tax-Abatement Program Examined

Wednesday, January 31, 2007 at 11:29 AM

Share on Facebook Share Share on Twitter Tweet

The Cleveland City Council is continuing its examination of whether to end the city's residential tax-abatement program. Mayor Frank Jackson wants to scale back the benefit. ideastream's Dan Bobkoff has an update.

A hearing yesterday was one of several the council has held on the program that waives taxes for 15 years on new developments in the city. That program expires June 15th, and talk of cutting back the tax break has housing groups and developers urging the council to keep it as is. Nate Coffman heads the Home Builders Association of Greater Cleveland.

Nate Coffman: Hopefully, it will not be tinkered with in any dramatic way because we feel quite strongly that you need these abatements. It’s a proven tool.

West side Councilman Jay Westbrook agrees, saying the housing market in Cleveland remains very weak and the program should continue. But Sabra Pierce Scott, who chairs the community and economic development committee, says the council wants to make the right choice for the long haul, and she’s withholding judgment until all views are heard.

Sabra Pierce Scott: We’re trying to be prepared to say this is the way we’d like to see tax abatements over the next 15 to 30 years going into the future.

The Council is awaiting a report from Cleveland State University on the effects of the tax abatement, and will also hear testimony from school district officials. Dan Bobkoff, 90.3.

Tags

Government/Politics

Leave a Comment

Please follow our community discussion rules when composing your comments.