The GSSD operates according to 5-year budgets and plans which are reviewed by property owners within the district, who provide feedback and input as they are created, and is approved by the City Council of Philadelphia, as legislation. At the end of each fiscal year, the GSSD has a compliation review or audit done of it’s financial records. You can view our financial records by following the links below (*THESE LINKS ARE IN THE PROCESS OF BEING UPDATED):
Our current budget and plan are for fiscal 2013 – 2018, running from October 2013 through September 30, 2018.
The Budget: Fiscal Years October 2013 – September 2018
The Plan: Fiscal years October 2013 – September 2018
Financial Records: The GSSD fiscal year runs from October 1 – September 30.
BUSINESS PROPERTY ASSESSMENTS
The boundaries of the GSSD cover a 2.3 mile area of Germantown centered at the intersection Germantown and Chelten Avenues. Business properties* located in the district are pay an annual assessment that is approximately 12% of their annual real estate tax bill from the City of Philadelphia. Assessments are used to fund the operations, programs and services of the GSSD.
The GSSD operates on a fiscal calendar that runs from October 1 – September 30 (ex. October 1, 2013 – September 30, 2014). The annual assessments are sent out to property owners between November 20 – December 15, each year and are due by January 31st.