Will Philadelphia Save Itself?
Property Tax Modernization Proposed
A successful fiscal plan for the city of Philadelphia has just been released for public comment. Will Philadelphia take a huge step forward, or continue to sink?
Here is City Controller Jonathan Saidel's introduction to the new report:
"I am pleased to announce the publication of the City Controller's Office's Tax Structure Analysis Report. More than a year in the making, the document reviews the role the city's tax structure plays in driving residents and employers from Philadelphia, analyzes theoretical and empirical perspectives on taxation, and evaluates the city's taxes and tax rates in comparison with rival cities and surrounding jurisdictions. As a product, the report proposes the elements of a new tax structure for Philadelphia designed to attract and retain jobs and residents.
"I look forward to working with the Mayor, City Council, and the citizenry to create a new tax structure for Philadelphia that will fund our city's needs, be fair to taxpayers, and further the city's goals of economic development and neighborhood transformation. I am confident that, with the right support, our collective efforts will result in positive change for Philadelphia."
--- Jonathan A. Saidel
For links to the full report, and a tax calculator enabling citizens to try out the effects of reform on their own properties, just click here.
And here is a newspaper editorial praising the new proposal. It is also rather cynical about the chances for any reform.
What's your opinion on modernizing Philadelphia's property tax? Can the city turn itself around or is it hopeless? Tell your views to The Progress Report:
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