Meeting today in talks to close a $5.7 million gap in the 2013 budget, the city administration and City Council urged the consultants who oversee Reading’s finances to reconsider their ban on raising local earned-income and commuter taxes.
A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)
“I don’t see how we can survive we don’t get that revenue,” Councilman Jeffrey S. Waltman Sr. said.
The city’s Act 47 financial recovery plan, written by the state-paid consultants and adopted by the city in 2010, calls for the earned-income tax on residents to remain at 1.9 percent in 2013.
It also calls for the earned-income tax on suburbanites working in the city, the commuter tax, to remain at 0.1 percent next year.
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