Mayor Jim Kenney has set his budget. If passed by the City Council the budget will increase property taxes for Philadelphia voters by 4.1% These taxes will hurt hardworking Philadelphians that are already struggling to find affordable housing. On top of that, property assessments are already going up by an average of 11%. Tax increases on top of assessment increases? Philadelphians are going to get a double whammy.
If passed, Mayor Kenney’s increases will be the fifth tax hike in 10 years. Meanwhile, tens of millions of dollars are unaccounted for in the City’s main bank account. Struggling families will, once again, bear the burden of poor government spending. Without accountability, taxes in Philly will continue to rise and tax relief will be pushed further back. Another tax increase is just not fair.