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Redevelopment commission hears proposal for tax-abatement tracking software
Summary
Adam Stone of Stone Municipal Group presented software to track tax abatements, model incentives and improve compliance; the EDC recommended pursuing the tool and staff will circulate a contract for consideration at the January meeting.
Adam Stone, founder of Stone Municipal Group, presented software to the Franklin Redevelopment Commission that centralizes tax-abatement documents, compliance tracking and cost-benefit modeling for proposed incentives. Stone said the tool incorporates recent changes from Senate Enrolled Act 1 and could “easily see a 5 to 10% improvement” in compliance efficiency while giving decisionmakers clearer…
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