During a recent government meeting, council members expressed significant concerns regarding proposed legislation related to property tax breaks and fee increases for developers. The discussions highlighted a growing apprehension about the fairness and transparency of the current tax structure, particularly in light of substantial fee hikes for certain property types.

Councilman McCoy emphasized the need for clarity on the distinctions between renovated buildings and new constructions, noting that tax breaks vary significantly based on these classifications. He pointed out that while renovations may receive limited breaks, new residential builds could benefit from tax exemptions lasting up to ten years. McCoy raised concerns about the equitable distribution of these benefits, especially as the city continues to grant incentives to large developers, potentially at the expense of smaller property owners striving to maintain their investments.

Councilwoman Fields echoed these sentiments, criticizing the steep 750% fee increase imposed on apartments, which she deemed unfair. She argued that while developers are often perceived as financially robust, the revenue generated from their projects contributes to the city's economy, including tax revenues from new residents attracted to Wilmington. Fields called for a more balanced approach to taxation that considers the broader implications of such increases on both developers and the community.

Both council members indicated that they could not support moving forward with the legislation until more comprehensive information and a fairer framework could be established. The meeting underscored the ongoing debate over how best to manage development incentives while ensuring equitable treatment for all stakeholders involved in Wilmington's growth.