Developers Say 20‑Year Tax Abatement Will Boost City Revenue
Developers claim a 20‑year tax abatement will increase city revenue, while critics warn it could reduce funding for the city and schools. Officials and developers are debating the proposal.
GMNA Philadelphia
Philadelphia developers contend that a proposed 20‑year tax abatement will raise revenue for the city.
Critics argue the same incentive would deny the city and its schools needed funding.
City officials and developers are currently discussing the long‑term tax incentive amid ongoing concerns over municipal and school financing.
