Small Town, USA*
Public Financing
For local governments, tax collections are their primary funding source. For small cities, even minor inaccuracies could have huge repercussions. An inaccurate tax digest could mean losing significant revenue. When a Tax Allocation District (TAD) is involved, uncollected or misdirected tax revenues hamper redevelopment efforts.
That’s where our experience with taxing authorities and special assessment districts comes in.
We calculated the correct amount of taxable revenue for the city and identified a 20% increase over three years.
Through a parcel-by-parcel analysis of 150 parcels, we found $500,000 in opportunistic revenues. We advised the city on political sensitivities, carefully avoiding fault lines. The client was armed with accurate information to move forward with redevelopment needs.
* The name of the city is undisclosed in order to protect political sensitivities.