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This report briefly reviews economic and finance literature on split rate property taxation as well as a case study of the District of Columbia\'s attempt to use value capture to fund a portion of a new Metrorail station. Split rate taxation charges a higher rate for land and a lower rate for buildings and their improvements. Value capture is a type of public financing that recovers value that public infrastructure generates for private land owners. This report compares a combination of these techniques, value capture split rate property taxes, with other techniques for transportation infrastructure finance and concludes that value capture split rate taxation can balance policy objectives for affordable housing, economic development, and environmental protection.
An act to establish a law creating a Community Bank Small Business Lending Program; to require bank participants to make loans to small businesses in the District in an aggregate amount of at least 200% of incremental funds deposited into the bank after the commencement of the program; to restrict the definition of qualifying loans to small business loans no greater than $3 million or real estate loans no greater than $5 million; to require that qualified borrowers be bona fide District small businesses; and to institute reporting requirements for participating banks.
This model ordinance establishes a PACE program through which owners of qualifying property located in the PACE district who so choose to access financing for energy saving improvements to their property through PACE loans; and sets guidelines and regulations of PACE program administration.
The ordinance requires the City to annually disclose energy and water use in all its facilities for the previous calendar year. All large and medium buildings or groups of buildings are required to report annual energy use, water use, and greenhouse gas emissions through Energy Star Portfolio Manager or an equivalent mechanism. The requirement would first apply to non-residential buildings 50,000 square feet and up in 2014 for the 2013 calendar year, and then to residential buildings 50,000 square feet and up, in 2015, non-residential buildings 35,000 square feet and up in 2016, and residential buildings 35,000 square feet and up in 2017. The City would make energy and water use per square foot, Energy Star ratings, greenhouse gas emissions, and other identifying and contextual information for individual buildings available on the Internet. Buildings not demonstrating high energy performance, continual improvements or other appropriate exemption criteria would be required to conduct energy assessments or actions every 5 years to identify opportunities for energy efficiency investment. Building owners would not be required to act on their energy assessments. Failure to comply with reporting requirements will result in fines for building owners. The development of regulations and implementation of the ordinance are overseen by the Air Pollution Control Commission.
A model ordinance that limits the amount businesses may contribute to candidates, political parties, or office holders; and prohibits an entity that contributes more than the limit from receiving government contacts.
This ordinance establishes greenhouse gas emissions targets and departmental action plans for the City and authorizes the Department of Environment to coordinate efforts to meet the established targets.
The ordinance requires benchmarking and public disclosure of energy and water metrics for buildings having at least 50,000 square feet of commercial space. The ordinance requires city-owned buildings to comply by June 1, 2013, commercial buildings 100,00 square and more to comply by June 1, 2014, and commercial buildings 50,000 square feet and more to comply by June 1, 2015
This ordinance specifies municipal purchasing preferences and practices which favor locally owned and operated businesses. It provides definitions and useful language pertaining to local growing practices, government procurement, contracting, and purchasing preferences.
This ordinance requires lighting systems to be upgraded and sub-meters to be installed in certain covered buildings based on square footage; requires that each tenant or subtenant within a covered tenant space that has a sub-meter to measure electrical consumption shall be provided with a monthly statement showing the amount of electricity measured by the sub-meter; and requires the owner of each covered building to file a report with the department certifying that sub-meters have been installed in all covered tenant spaces.
This is a point of sale ordinance that applies to anyone selling their home. When someone sells, their home, the ordinance requires the seller have a standardized Austin Energy audit performed on their house and the results must be disclosed to the prospective buyers. An energy audit is used for the following reasons: High electric and gas bills; Problems staying cool in the summer and warm in the winter; One room is too hot while another room is too cold; Air conditioner or furnace seems to run all the time; Indoor air quality issues, including problems with dust, mold, drafts, or asthma; Interest in renewable energy sources. In addition, having an energy assessment is the first step in reducing the environmental impact of one\'s home energy expenditure. Most homeowners can reduce their footprint by 20-50%, and the home assessment test is the best way to find out how.