Glenn moyer wrote:
But one tax scheme that seems like a no-brainer to consider now, even though to Nutter, it is inviolate and can't be mentioned or considered- The ponzi scheme called the ten year tax abatement.
interesting article about the tax abatement in this week's inquirer:
http://www.philly.com/philly/news/local/42312127.html excerpt:
"The tax abatement has got to go," North Philadelphia resident Madeline Shikomba said last night to laughs and cheers at a City Council budget hearing at Temple University. Even before Nutter formally proposed higher property taxes, the volume of grumbling over the abatement program was up. At a series of February budget workshops organized by the University of Pennsylvania and WHYY, attendees said they opposed higher real-estate taxes largely because of the abatements, said workshop leader Chris Satullo. "A lot of people see the tax abatement as a sop to rich people from somewhere else. They see it as not fair to people who've lived here their whole lives," said Satullo, a former editor of The Inquirer editorial page. "They think their taxes built the streets and the schools, and they're still paying taxes while people who make a lot more money than they do are not paying taxes." Despite the clamor, Nutter remains a staunch supporter of abatements.
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