Philly Property Tax Hike Gets City Council OK - NBC 10 Philadelphia

Philly Property Tax Hike Gets City Council OK

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    Members of the public cheered after Thursday's city council vote to approve a temporary tax hike to help the school district.

    A temporary property tax hike was approved by Philadelphia City Council by a vote of 11-6.

    The plan that won final council approval on Thursday would raise property taxes by 3.85 percent for one year. The tax money will be used to help close a $629 million gap in the Philadelphia School District budget.

    Members of the public cheered and applauded after the tax hike vote.

    Before the vote, city council heard public comments about the budget and some tax hike opponents gathered outside City Hall to protest the increase.

    The school district is expected to receive an additional $52.5 million, by combining the tax hike with raising parking fees and dipping into the city's general fund surplus.

    Council already approved a plan to raise parking in Center City from $2.00 an hour to $2.50 an hour and University City parking will go up from $1.50 an hour to $2.00 an hour.

    The full city budget was approved unanimously and sent to Mayor Michael Nutter.