Committee recommends keeping Small Town Economic Development Act threshold at $250,000
The Senate City, County & Local Affairs Committee reviewed Act 568 and voted to recommend that the $100,000 building-value threshold be retained at $250,000 pending legislative action next session; architects, municipal and county groups supported the change and a Bureau of Legislative Research attorney said a later statute will be required to make it permanent.
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Representative Aaron Pilkington told the City, County & Local Affairs Committee on Sept. 7 that the Small Town Economic Development Act's building-value threshold should be raised from $100,000 to $250,000 to reflect inflation and reduce burdens on small downtown projects. "We wanted to change that to $250,000," Pilkington said, describing mayoral requests and examples of small projects that were burdened by fees and architectural requirements under the older threshold.
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