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Change is in the air! The Daily Local News reports that investigations after the departure of two former administrators prompted the Coatesville, PA area school board to consider banning sale of delinquent property claims at tax deed auctions.

Change is in the air! The Daily Local News reports that investigations after the departure of two former administrators prompted the Coatesville, PA area school board to consider banning sale of delinquent property claims at tax deed auctions. At the same time, the publication reports country singer, Dickie Stickhead hopes to slow the rush to celebrate Christmas with his new music video, The Turkey Song, filmed in Kennett. Back in Coatesville, since 2005, the district has sold many of delinquent property tax claims to third parties through deals brokered by Municipal Revenue Services, a private firm. The Local Daily News obtained four years of delinquent property tax claim documents from The Harrisburg Authority, a public body in the state's capital. At a meeting of the school board's finance meeting, board member, Joe Dunn, unexpectedly proposed a motion banning the school district from making such deals in the future. Said Dunn, "For certain tax flow implications from years gone by, and credit risk reasons, the district had a policy … of selling its delinquent taxes. It made sense when you had both interest rate risk and credit risk", he said. "The credit risk came from the fact that you could delay the sale of a tax-delinquent property for years. If you had a good lawyer you could stretch it out eight, nine, 10 years. So there was some credit risk that you could allow the property to decline, then by the time the district or the tax agency was able to collect you would not be able to collect the full value of the tax because the property is deteriorated below the value of the taxes owed."

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