It's Our City is a project that uses TV, Radio and Web
to promote civic engagement in the Philadelphia region.Property Tax Hike May Be History
Monday, May 11th, 2009 at 1:31 pm - by Matt Campbell. Filed under: Budget.
Heard in the Hall reports today that members of City Council and the Mayor are working on a budget compromise that does not include raising property taxes. The plan under consideration appears to be based on Council’s alternative budget which calls for a five-year sales tax hike. Councilman Jim Kenney is quoted as saying that Council will drop its idea of borrowing against future sales tax revenues.
A budget needs to be approved by June 1 and it must cut services and/or raise revenues to cover a projected $1.4 billion budget gap.
