Today's subject: TADs

"Basically, it's a very simple idea," said Kenneth Bleakly, president of the Bleakly Advisory Group. "What changes is that when new development comes in, it pays more taxes," Bleakly said. "You won't even see it on your bill." Some TAD supporters decry the use...

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Bibliographic Details
Published inMcClatchy - Tribune Business News p. 1
Main Author Riquelmy, Alan
Format Newsletter
LanguageEnglish
Published Washington Tribune Content Agency LLC 20.06.2007
Subjects
Bleakly, Kenneth
Property taxes
Public private partnerships
Redevelopment
School boards
Site planning
Tax allocation
Tax revenues
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Summary:"Basically, it's a very simple idea," said Kenneth Bleakly, president of the Bleakly Advisory Group. "What changes is that when new development comes in, it pays more taxes," Bleakly said. "You won't even see it on your bill." Some TAD supporters decry the use of the word "tax" in the acronym, calling it a misnomer. Tax money doesn't come from homeowners or shoppers, but instead from future development in the TAD, Bleakly said.