Reading May Not Cut Commuter Tax Or Earned-Income Tax

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

Reading City Council members who weeks ago tentatively agreed to a slight drop in earned-income and commuter taxes have now changed their minds; they want both taxes to stay flat.

The difference would mean an extra $1.2 million in annual revenue – mostly from commuters – and council is focusing on the 2015 and 2016 budgets that have gaps of more than $10 million each.

Council President Francis G. Acosta, who is against the move, said he was surprised when a poll of council members Monday showed five in favor of keeping the tax flat.

But he and other council members said they don’t want the extra 2014 revenue to be used to hire more people at City Hall, but rather be put in the contingency fund, or be reserved for 2015 and 2016.

Read more: http://readingeagle.com/article.aspx?id=517020

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s