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Pennsylvania House of Representatives
04/26/2024 01:03 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20130&cosponId=13139
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House of Representatives
Session of 2013 - 2014 Regular Session

MEMORANDUM

Posted: August 1, 2013 09:54 AM
From: Representative John Taylor
To: All House members
Subject: Municipalities Authorities Act amendment concerning business improvement districts.
 
In the near future, I will introduce legislation to amend the Municipal Authorities Act concerning business improvement district (BID) assessments in relation to Philadelphia’s recent switch to Actual Value Initiative (AVI).
This proposed change to the Municipality Authorities Act enables business improvement districts, such as the Center City District in Philadelphia, that have elected to assess residential owner properties at 50% of their value, to further lessen the burden of BID assessments on residential owner occupants. In the case of the Center City District, this will permit an adjustment for the impact of the City of Philadelphia’s Actual Value Initiative (AVI).
Act 2012-12 (House Bill 1582), enabled the Center City District (CCD) to reduce by 50% CCD assessments on residential owner occupants within the business improvement district. In the fall of 2012, property owners approved, City Council reauthorized the CCD and CCD billed for 2013 under the new procedures, effectively reducing residential owner-occupants’ share of the CCD’s budget from 10% to 5%. However, the shift in value from commercial properties to residential properties that resulted from the City of Philadelphia’s AVI program will cause the residents’ share to move back to 10% in 2014, if no further action is taken.
My legislation will enable the CCD to calculate its assessments on residential owner-occupants using the same 50% formula authorized by the prior amendment, but capped so the aggregate value of assessments on owner-occupants will not exceed 5% of the CCD’s annual assessments in any year, effectively restoring the balance between commercial and residential owners’ share of District costs.
Please join me in cosponsoring this legislation.

Introduced as HB1644