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Philadelphia Metropolitan Area Real Estate Law Blog

Tag: tax controversies

City council votes to increase business and property taxes

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Jun 26, 2012.

Costs will soon rise for businesses in Philadelphia, after the city council opted to raise business and property taxes last week. The decision was make last Thursday to implement a budget which collects almost $40 million more for the School District, which is all but insolvent. Each proposal is projected to raise $20 million for the district.

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