Friday, July 31, 2015

Council Gives Preliminary Approval to Property Tax Hike for Schools

In a major policy reversal, City Council tonight opted to raise property taxes for a second year in a row to help bailout the cash-poor school district, rejecting Mayor Nutter’s preferred soda tax proposal.

Council Gives Preliminary Approval to Property Tax Hike for Schools

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Soda mogul Harold Honickman was all smiles before the start of City Council´s regular session on Thursday. (Alejandro A. Alvarez / Staff Photographer)
Soda mogul Harold Honickman was all smiles before the start of City Council's regular session on Thursday. (Alejandro A. Alvarez / Staff Photographer)

In a major policy reversal, City Council tonight opted to raise property taxes for a second year in a row to help bailout the cash-poor school district, rejecting Mayor Nutter’s preferred soda tax proposal.

Voting 11-6 in favor, Council approved a plan that would raise property taxes for one year by 3.5 percent, providing $37 million to the district. They also expect to dip into the city’s surplus fund balance and raise parking meter fees, bringing the total aid for schools to $53 million.

The deal marked a major political defeat for Nutter, who put all his chips on the line for a second year in the row to try and pass a sugary drinks tax.

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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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