Deficit To Get Millions Worse In Future, Reading City Council Told

A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia)

City Controller Christian Zale on Monday pressed his case, again, to City Council: Unless the city makes some drastic changes, it’s facing a $35 million cumulative deficit by 2017.

However, those changes can’t include bigger property tax hikes; Zale said his projection already assumes the city raises the property tax by 5 percent in each of the next four years.

But he said the tax increases cut the deficit by only $10 million.  Without them, the deficit rises to $45 million.

“Me being conservative, I tried to be as gloomy as I could,” Zale told council.  “And quite frankly, I don’t want to hear (that) we’ll approach that and try to solve it when that time comes.”

Read more:  http://readingeagle.com/article.aspx?id=479276

Property Taxes To Rise Across Philadelphia Suburbs

English: Pennsylvania county map (Photo credit: Wikipedia)

Hundreds of thousands of property owners in Bucks, Chester, Delaware, and Montgomery Counties are getting something they probably don’t want in the new year – higher real estate taxes.

Countywide increases, approved in December, affect the owners of all 382,304 real estate parcels in Chester and Delaware Counties.  Some people are taking a double hit, as at least 27 towns in those counties also have increased taxes.

Bucks and Montgomery Counties kept their rates the same, but at least 28 municipalities raised real estate levies.

While the reasons vary, officials say the overarching reason is basic: Revenue is down; costs aren’t.

Read more:  http://www.philly.com/philly/news/politics/suburban_pa/20130128_Property_taxes_to_rise_across_Philadelphia_suburbs.html