The Necco candy company is the cityâ€™s largest taxpayer and one of its larger employers. The company got a special tax dispensation from the city almost a decade ago, a TIF, with numerous stipulations regarding employment numbers, tax payments, et cetera.
That TIF, its stipulations and Neccoâ€™s failure to adhere to all of them has become a major campaign issue between mayoral candidates Dan Rizzo and George Rotondo.
Rizzoâ€™s view of the situation is that Necco paying its taxes, about $1.3M a year, is a good partner with the city.
Rotondo would like Neccoâ€™s TIF withdrawn by the city and he claims Necco would owe the city $300,000.
Necco should keep to the letter of the law with its TIF but the overriding importance of maintaining its more than $100,000 per month in business taxes that the City coffers so badly need must also be considered.
The Necco issue is not going away.
Letâ€™s hope the company continues making their tax payments.