City Council votes No on 19% property tax rise
Monday, May 11, 2009 FOR IMMEDIATE RELEASE
Mayor and City Council Make Joint Statement on Budget Agreement
Philadelphia, May 11, 2009 – We are pleased to report to the citizens of Philadelphia that we have reached an agreement on a joint budget proposal that embraces our collective values and minimizes pain to the residents of our city.
We are happy to say that this budget is an agreement between the Mayor and City Council and the only new tax is a temporary 1% increase in the sales tax for the next five years. We will defer a portion of the City’s pension fund payment for FY 2010 and 2011. The City’s deferrals will be paid by FY 2014.
Also agreed upon in this budget is a commitment to work together to seek additional efficiencies through the creation of a Joint Working Committee on Government Efficiencies.
In the spirit of cooperation and guided by our agreed-upon priorities, Council and the Mayor have put the well-being and the needs of our citizens first. We believe that we have the framework for a responsible and balanced budget as required by the City Charter.
This joint agreement is merely the first step. As Council begins its process of passing this budget, well ahead of the May 31 deadline, Council and the Mayor will work as a team with the General Assembly to advocate for the legislature’s approval to proceed with our plan.
Again, this proposal is a responsible one that does not harm our residents or our business community, but provides the necessary revenue to continue providing the critical City services.









