Councilman Bob Marchese explains his idea to generate revenue through investing taxes that are paid early, while councilman Ben Lucarelli looks on. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
It didn’t take long for rookie Fair Haven Councilman Bob Marchese to start chipping away at ideas he campaigned on.
He formally floated one earlier this week: give a discount on property taxes for those who pay their bills early. The borough would then invest the money paid at a higher rate than the discount given.
The idea appeared to be dead on arrival. Because of economic conditions, the council has decided to hold off on Marchese’s idea. It could be revived at some point in the future, though, officials suggested.
“It’s not the right time to do this, unfortunately,” Mayor Mike Halfacre said. “But we’re always looking for ideas and think outside the box, as they say, to save some money and in this case, make some money.”