Learning about Tax Increment Financing is not easy.
But you have the right to know what is happening in your community and how it will impact you.
On this page you will find questions that those responsible, the Township, School District and County should be able to answer. Questions that you have the right to get answers to.
Contact the elected officials, ASK QUESTIONS, DEMAND ANSWERS.
See the Who's Who page for contact information.
￼Beware tax deferments on new developments
January 27, 2013 12:00 AM Editor, the Record:
In the Jan. 16 Pocono Record article, "Kalahari wants to defer $24.6M in tax payments," pay careful attention to the information regarding the effect of deferring (Tax Incentive Financing) tax payments on the school district.
The article reports: '"Right now the property pays $8,931 in school taxes,' Hogan said. 'If the TIF is granted, the school district will collect that amount through the life of the project.'" These projects can last for 20 years; can any reasonable school board afford to defer any increase in property tax for 20 years? Will the school district benefit from increases in payroll taxes?
If there is growth as the proponents of TIF want us to believe, will that include increased enrollment in the schools? How will those costs be covered if taxes on the Kalahari project are being deferred to improve the infrastructure in and around the resort? These improvements are the costs of doing business that should be absorbed by the developer, the entity that will, in the end, profit the most from tax deferment. Do we sacrifice the future education of our children for mainly seasonal, low-wage jobs? How does this improve our community? How many of these TIF zones can Monroe County absorb before the only ones paying increases in property taxes are the current residents, while businesses get a pass on tax increases?
For more information on TIF, tax-deferred financing, go to bluemtpreservation.org.
JUDITH BIBINGER-RUSH Kunkletown
According to the Questions and Answers page of the Alpinesignature website:
"Question 20.Has Project financing been arranged? Yes."
According to the Alpine Motorsports LLC. Project Information and Narrative of June 30th 2012 :
pg. 3 item II, "no significant impact on State, County or Township roads."
pg. 3 item III, "on-site sewage system and well will fully serve the Development" "No demand on public utilities" "on site security as well as on-site emergency personnel" minimizing need for police and fire personnel.
pg. 3 item VIII: "PennDOT H.O.P. approvals indicates that the proposed road improvements will fully serve the Alpine Facility"
If the Alpine Motorsports project will generate the increased tax revenue that it claims, and as stated in their Project Information and Narrative, they will have "no impact" on existing infrastructure,
and financing has been arranged......
WHERE IS THE
FOR CREATING A TIF DISTRICT?
Who is the Pocono Mountain Economic Development Corporation?
What is their role in the TIF process?
Who granted Pocono Mountain Economic Corporation the authority to act?
Who participates in the development of the TIF District?
At what point in the process are the citizens of the proposed TIF District allowed to give input, make comments and ask questions?
Will there be an economic feasibility study done by an independent market analyst?
Will the area have to be designated as "blighted"?
What are the qualifiers for blight designation?
Will there be a process for relocation of families, persons and businesses, displaced from housing or commercial facilities in the TIF District?
Will there be changes of any zoning ordinances, master plan, map, building code or ordinances in the TIF District?
Will the developers tax rate be frozen at the pre development rate? For how Long?
Is freezing or setting a base rate for the project the same as tax abatement?
Will the taxing bodies within the TIF District be able to increase taxes on other parties, such as current residents and business?
How will the taxing bodies within the TIF District keep up with inflationary costs?
Where will the tax increment come from?
Who will receive the tax increment?
How will the tax increment monies be utilized?
Isn't it likely that other development will come to the district looking for the same TIF benefits?
Where will the money come from to finance additional TIF projects within the district?
Wouldn't the area be better served by not creating a TIF District and realizing all of the increased taxes?