In a recent government meeting, discussions centered on the potential implementation of a tax increase aimed at promoting homeownership in Allentown. One council member emphasized the need for targeted funding to address the city's housing challenges, noting that many residents struggle to purchase homes. The member proposed a modest tax increase of 0.5%, arguing that it could generate sufficient revenue to tackle issues such as blighted properties and support vulnerable populations through various loan programs.
The conversation highlighted the urgency of addressing long-standing blight in the city, with the council member asserting that improving property values benefits all stakeholders, including the real estate community. However, concerns were raised about the unpredictability of future tax rates, with another council member advocating for a cautious approach and suggesting that the council refrain from acting on the proposal at this time.
The administration clarified that any decision regarding the tax increase would ultimately rest with the voters, as the council's role is to determine whether to place the issue on the ballot for the upcoming November election. The deadline for this decision is approaching, underscoring the importance of timely discussions on the matter.
As the council prepares to revisit the topic next week, the focus remains on finding effective solutions to enhance homeownership opportunities and improve the overall housing landscape in Allentown.