GOPC's Advocacy Results in New Tool for Incentivizing Property Redevelopment
Prior to Governor Kasich signing HB463 earlier this month, redevelopment real estate projects, such as retrofitting a warehouse for housing and retail, were only eligible for a 12-year tax exemption in designated community reinvestment areas. In contrast, new developments, which typically occur in greenfields, were eligible for a 15-year exemption in designated community reinvestment areas.
GOPC worked with Rep. Dever (R-Madiera) to amend this language so that redevelopment activities may now receive property tax exemptions for up to 15 years. This change will allow redevelopment sites in existing neighborhoods and greenfield sites to compete on equal footing for a development project.
GOPC extends its gratitude and thanks to Rep. Dever for championing this important provision that will be especially helpful for Ohio’s legacy cities.
GOPC Begins Implementation Phase of Water Infrastructure Project
The Greater Ohio Policy Center (GOPC) is beginning a new phase in its water infrastructure financing work, releasing a new report with recommendations that will guide our advocacy with state agencies and during the upcoming state budget process. With water user charges in Ohio increasing faster than the rate of inflation over the last 15 years, and systems facing billions of dollars in needed investment, GOPC's Strengthening Ohio’s Water Infrastructure: Financing and Policy Report examines how state leadership can promote new ways of doing business in the water utility sector in order to increase long-run financial sustainability.
GOPC will be pursuing the following policy recommendations:
- Increase incentives for regional coordination and consolidation of small drinking water and wastewater systems
- Increase financial incentives for Asset Management Programs by small systems
- Couple asset management plans with improved statewide data collection on key utility performance benchmarking statistics
- Provide the OWDA or Ohio EPA with additional state funds to help keep affordability within acceptable bounds
- Utilize new technology to save energy costs in treatment systems, which can also help to change the financial equation
- Enact a public-private partnership (P3) statute for water sector projects that contains safeguards for accountability, transparency, and standardized procedures, including opportunities for public input
Go here to access the Report and here for GOPC's Water Infrastructure Resource Page
Our advocacy in 2017 builds on our Phase I Gap Assessment report, released in November 2015, and our Green Infrastructure for Stormwater Control Analysis, released in March 2016.