The East Penn School Board, after a surprise motion to rescind, voted again to give corporate welfare to Hamilton Crossings developer thru the TIF (Tax Increment Financing) plan. I say surprise because the EPSB member and crusader for the TIF, Ken Bacher, brought up a motion to rescind his previous YEA vote on the TIF. Unfortunately, the public didn't find out about this motion until two days before it was to take place. Another interesting point, school board member, Lynn Donches, had made this same motion just weeks before and it didn't even get seconded for discussion. Bacher's motion seemed so scripted as to be a joke. The developer and bond agent were both present at the school board meeting and well-rehearsed to address the one issue that Bacher seemed ready to kill the TIF over. It seems over the next twenty years the school district would come up short ~ $350,000.00 because of changes to the TIF plan, seemingly driving Bacher to deny the developer the gift of $11,000,000.00 in EPSD student education funds. Of course Bacher rescinded his rescind motion as soon as the bond agent told him that the developer would make good on the ~$350,000.00. Seems like the developer and bond agent have a very expedient work arrangement? Couldn't be that this was all worked out ahead of time??? Fortunately the taxpayer and EPSD students have a friend on their side in Lynn Donches. She revived the motion and new board member Rev. Wally Vinovskis seconded it allowing ~1 hour of discussion and even with a questionable stacked deck the vote was close 5/4. Bacher was the swing vote. Unfortunately in East Penn School District, corporate welfare still lives.
For more info check out "stiffthetif.com".