Friday, May 14, 2010

TEN PERCENT property tax increase in Philly

Just briefly, it is catastrophic, suicidal policies like this that guarantee economic collapse and social upheaval.

    NBC News Philadelphia -

    If you live in Philadelphia, higher property taxes and a fee for trash pickup may be two things you'll pay for next year.

    Philadelphia City Council approved Mayor Michael Nutter's $3.9 billion budget for 2011 with a vote Thursday evening.

    To fill in a $150 million budget gap, officials made several tax increases, the most notable being a 9.9-percent jump in property taxes, officials told NBC Philadelphia. That increase will only last for two years.

    The 9.9 percent temporary tax hike has to get final approval from council next week.

It's never temporary.