The Patriot News is reporting that the City will be holding a meeting tonight to discuss a possible new LERTA tax-abatement program in the City. LERTA (short for “Local Economic Revitalization Tax Assistance Act”) is a state law that permits local jurisdictions (counties, municipalities and school districts) to offer real estate tax incentives to spur
October 2014
Municipal Advisors and their Duties to Public Entity Clients
By Tim Horstmann on
Posted in Public Finance, Securities
The MSRB recently published a revised version of proposed Rule G-42, concerning the duties owed by municipal advisors to their public entity clients. The MSRB’s changes to the Rule incorporate many of the comments previously received from the public, the effect of which would be to substantially relax the duties owed by municipal advisors…
Where Do We Go from Here: Scranton Commuter Tax Scrapped
By Tim Horstmann on
It’s no secret that the City of Scanton is facing tough times. Operating under an Act 47 designation of distressed status since 1992, the City faces enormous financial pressures – most notably with respect to its pension obligations. According to the most recent report prepared by the Pennsylvania Public Employee Retirement Commission (based on 2013…