
RVA 5x5 | Is Targeted Tax Relief Just The First Step?
While running for Mayor in 2024, candidate Avula’s top priority in the “Thriving neighborhoods and affordable housing” section of his platform stated:
As Mayor, he will:
- Fight displacement of long-term residents and expand the supply of deeply affordable housing for low-income and working residents.
His third bullet point in that part of his policy platform claimed he would “strengthen protections and resources available for our most vulnerable residents.”
Somewhere between that lofty rhetoric and today’s reality, Mayor Avula has pushed back against any type of relief for property owners since taking office. Last year, he fought successfully against a four cent reduction in the real estate tax rate that he said would be a disaster and favored targeted tax relief. Last week, however, the administration once again professed their opposition to relief in general. This time, it is opposition to a proposed ordinance that would provide targeted tax relief and disrupt the pace of gentrification and offer a deferral to those who qualify and help people stay in their homes until they decide it’s time to sell instead of being driven out by ever increasing assessment and tax bills.
The administration spoke out against 4th District Councilwoman Sarah Abubaker’s plan at the April Finance Committee meeting, according to Sarah Vogelsong at The Richmonder. They claimed this one program alone would cost too much and require 20 new financial analysts in the Department of Finance. The entire department currently employs 20 such analysts (including management). At one point during the discussion, the city’s director of revenue administration Ken Martinez also said “we don’t feel this is really a core function of the Department of Finance.”
via RVA Magazine
Read more, see more: https://rvamag.com/community/rva-5x5-is-targeted-tax-relief-just-the-first-step.html