The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). UNITED STATES New York: If Property Values Are Down, Why Are Property Taxes Up? When property values go down, it’s only natural to expect your property taxes to...

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The US Department of Transportation has announced a $1 billion funding opportunity with a new focus on sustainability and equity. Previously known as Transportation Investment Generating Economic Recovery (TIGER) grants, the Better Utilizing Investments to Leverage Development (BUILD) program began back in 2009 and supported innovative projects — including multimodal and multijurisdictional ones, which are difficult to fund through traditional federal programs. Successful BUILD projects are ones that leverage resources, encourage partnership, catalyze investment and growth, and fill a critical void in...

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On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA) that contains a new, temporary COBRA subsidy. From April 1, 2021 through September 31, 2021, the ARPA requires employers to cover 100% of an employee’s cost of continuing group health coverage under COBRA if the employee was eligible for COBRA continuation coverage during the indicated period regardless of whether the employee may not have previously elected coverage or discontinued coverage.  Employers that provide such paid coverage may...

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On Wednesday, Fabio Panetta, Member of the European Central Bank (ECB) Executive Board, presented the European Parliament’s ECON Committee with the ECB’s future approach towards a digital euro following a public consultation on the topic.  “A digital euro can only be successful if it meets European citizens’ needs and expectations”, Panetta said during the hearing. The consultation, which was conducted between October 2020 and January 2021, was designed to inform the ECB’s future approach on a digital euro, with the vast majority...

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