US Malls Are Dying and There May Be Just 150 Left in 10 Years
Once-bustling American malls are going bust as shoppers flock to online retailers instead of sprawling, brick-and-mortar locations. Ten years from now, there will be approximately 150 malls left in the US, Nick Egelanian, president of retail consulting firm SiteWorks, told The Wall Street Journal.
Tax exemption for logging equipment on the ballot
The state legislature passed House Bill 997 to create a referendum for an ad valorem tax exemption for logging equipment and it was signed by the governor on May 10. The Good Forty, a Newnan-based company that buys and harvests timber, would benefit from the break, said Grayson Parker, vice president of the company.
Property tax “freeze” for Pittsburg metal fabrication company
“By being able to essentially freeze their property taxes at their current rate, it allows them to recoup the cost that they put into the expansion, so it obviously benefits the company, but it also benefits the community because this enlarges the company's foot print in our community and obviously they're adding jobs, adding to our local economy,” said Blake Benson, President, Pittsburg Area Chamber of Commerce.
Analysis finds Louisiana parishes with industrial tax exemptions received more property tax revenue
The Center Square
Analysis of the state's Industrial Tax Exemption Program by the Louisiana Legislative Auditor reveals parishes with the highest amount of tax exemptions collected higher amounts of property taxes in 2021. Louisiana Legislative Auditor Mike Waguespack issued an informational brief to lawmakers Monday on the ITEP program and its impact on local governments.
Portland tax assessor on leave after domestic violence charge
A top Portland city official is on leave following his February arrest for allegedly grabbing his wife's throat during an argument, court records show. Christopher Huff, 46, the Portland city tax assessor, was arrested by Westbrook police early on Feb. 8 at his home on Wildwood Circle, and has been charged with domestic violence assault.
Officials find hundreds of 'substantial' errors in Nassau County school tax bills
Hundreds of substantial errors were found in Nassau County school tax bills, which caused some homeowners' bills to soar. Nassau County Legislature Minority Leader Kevan Abrahams announced the discovery Wednesday morning. In at least one case a Nassau County homeowner experienced a 62% jump in the first half of their school tax bill.