My 2017 budget proposal already includes more than $1 million in across the board cuts as part of the solution to an $11 million budget shortfall for 2017--much of which was caused by either inflationary pressures or continued underfunding by the state. My budget, for example, brings the sworn complement in our Police Department to an historic high of 620, up from 576 when I took office.
The Council majority voted yesterday for a maximum property tax levy increase of nearly 9%. I vehemently oppose this. The $3 million gap caused by the State's inaction is already a tough pill for property taxpayers to swallow. Going above my budget's amount is misguided.
Together these path-breaking bills make Philadelphia more competitive, lessening the tax burden on firms based in Philadelphia and providing a particular benefit to new businesses and small businesses.
Auto dealers produce substantially more sales tax than business tax. In 2010, auto dealers accounted for only $3.6 million in business tax revenue but a whopping $29 million in sales tax revenue.
Let's show them Los Angeles is open for their business and let's generate new jobs and revenues for our City.
A study shows the elimination of the tax will cost the City hundreds of millions of dollars. The Business Tax Holiday is incentive for job creators to move to Los Angeles without impacting our City budget
The balanced budget originally presented by the Mayor was no longer feasible. The City is pursuing another option to avoid a seriously damaging tax increase: a sale/leaseback of certain municipal buildings. This plan is projected to cut the remaining budget gap by 53%, and it will also provide much-needed funds to improve several city buildings. Governments across the country have pursued this option as they face similar struggles. This one-time revenue combined with other measures will significantly temper the required increase; however, some tax increase will still be required.
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vs.LA: Edwards(D)
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