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home : news : news July 3, 2015


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9/9/2013 11:30:00 AM
With proposed tax hike, Philadelphia will be among highest taxed in surrounding counties
With school taxes, Philadelphia 24% higher than Carthage
Philadelphia's overall tax rate would be nearly 24 percent higher than Carthage if the Philadelphia Mayor and Board of Alderman approves a tax hike Tuesday night.
Philadelphia's overall tax rate would be nearly 24 percent higher than Carthage if the Philadelphia Mayor and Board of Alderman approves a tax hike Tuesday night.

Philadelphia's overall tax rate would be nearly 24 percent higher than Carthage if the Philadelphia Mayor and Board of Alderman approves a tax hike Tuesday night.

Philadelphia Mayor James Young and City Attorney Robert Thomas have been defending Philadelphia's lower general fund millage rate and comparing it to Carthage.

But, combined with the proposed tax increase that would double general fund millage from 10 mills to 20 mills, adding in school millage will make Philadelphia one of the highest taxed cities in the surrounding area, significantly above Forest and Louisville as well.

Philadelphia's sales tax collections - an indication of retail economic strength - are more than twice that of Carthage. Philadelphia far outpaces other surrounding cities on sales tax collections as well.

The board meets at 5 p.m., Tuesday at City Hall.

Related Stories:
• Philadelphia's revenue twice that of Carthage, Louisville before tax hike
• Breakdown of expenses in proposed Philadelphia budget available digitally
• Biz owners: Tax hike will be strain



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