Eddie A. Perez

Mayor

 

MAYOR PEREZ SAYS “REINVESTMENT IN THE CITY” IS DRIVING THE INCREASE IN HARTFORD’S

 GRAND LIST

 

---MEDIA RELEASE---

 

(January 31, 2006)--- Mayor Eddie Perez is pleased to announce that Hartford’s Grand List has seen its biggest increase since 1990.  It has gone up almost $90 million dollars or 2.6%.  The driving force behind the jump is primarily business personal property (computers, machinery, business furniture, fixtures, etc).

 

Mayor Perez says, “This shows people and businesses are reinvesting in the City of Hartford.  News of this growth is exciting and visible.  The Hilton, the Colt Building, and Goodwin Estates are just three examples of this positive growth.”

 

However, challenges still remain.  37% of the entire Grand List is exempt.  The City cannot tax state-owned property, hospitals, colleges and universities, places of worship or non-profit organizations.  The total of this non-taxable property is now more than two billion dollars.

 

Mayor Perez will continue to grow the Grand List by fostering new development opportunities, increasing homeownership, and encouraging increased business investment.