Pennsylvania House Panel Considers Eliminating School Property Tax

HARRISBURG, PA – The House Finance Committee today wrangled with a controversial idea — eliminating school property taxes and replacing the money with higher state personal income taxes and higher state sales taxes.

Rep. Jim Cox, R-Berks, said property taxes on residential and commercial buildings are a major burden for many owners, especially senior citizens on fixed incomes.

“Even when the mortgage on a house is paid off, the owner still has to ‘rent’ it from the government by paying school property taxes, and that isn’t fair,” he said. Some owners have lost their homes when they were unable to pay rising property taxes, he added.

Read more: http://www.post-gazette.com/stories/local/state/state-house-panel-considers-eliminating-school-property-tax-636889/

Pennsylvania Experiences Revenue Decrease For October

Some disappointing financial news for Pennsylvania.  Revenue collected for October was 3.2% below projections, which translates to $57 million dollars less than expected for the month.  $44 million of the shortfall was in the personal income tax category.

We aren’t out of the woods yet!