Thursday, November 27, 2014
Inquirer Daily News

Councilman Green reacts to Nutter's budget

After Mayor Nutter gave his budget address, we asked several people what they thought about it. Councilman Bill Green talked about the upcoming property-tax changes.

Councilman Green reacts to Nutter's budget

After Mayor Nutter gave his budget address, we asked several people what they thought about it. Councilman Bill Green talked about the upcoming property-tax changes.

The Nutter administration is the midst of trying to fix the city's notoriously unfair property-tax system, and it plans to collect $90 million more in property taxes next fiscal year. But Nutter says that's not a tax hike because it simply accounts for the rise in property values that occurred since the last citywide reassessment in 2004.

Green, on the other hand, says, "Characterize it however you will, you're taking money from homeowners and you're putting it in the coffers of government." He says the change should be "completely revenue-neutral."

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Every year, city government spends slightly more than $4 billion. Where does all that money come from? More importantly, where does it go? Are we getting the most bang for our tax buck? “It's Our Money” is a joint project between Philadelphia Daily News and WHYY, funded by the William Penn Foundation, designed to answer these questions.

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