Monday, February 8, 2016

Another Property Tax Proposal Expected In Council Tomorrow

It look like City Council will tomorrow continue to debate how to fill the city's budget gap -- and how a property tax hike should figure into that plan.

Another Property Tax Proposal Expected In Council Tomorrow

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It look like City Council will tomorrow continue to debate how to fill the city's budget gap -- and how a property tax hike should figure into that plan.

Councilman Bill Green tomorrow plans to introduce legislation tomorrow that would raise the city's property tax rate by 5 percent for two years -- with the caveat that the rate would be lowered if the city brings in more tax revenues than expected.

The five percent proposal is far lower than the current bill before Council, for a 9 percent increase in the rate -- and would not raise nearly as much revenue to fill the budget gap, projected to be at as much as $150 million. But Green has advocated for more cuts to make up the difference.

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About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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