
Pensions Push Taxes Higher
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Pensions Push Taxes Higher
By Jeannette Neumann
Cities Tap Homeowners for Revenue as Workers’ Retirement, Health Costs Rise.
Cities across the nation are raising property taxes, largely citing rising pension and health-care costs for their employees and retirees.
In Pennsylvania, the township of Upper Moreland is bumping up property taxes for residents by 13.6% in 2011. Next door the city of Philadelphia this year increased the tax 9.9%. In New York, Saratoga Springs will collect 4.4% more in property taxes in 2011; Troy will increase taxes by 1.9%.
Continue reading the article . . .
Solari Report Blog Commentaries
September DOL-Treasury Hearings on Options For Retirement Plans
(16 Sept 10)
Related reading:
Top 10 Ideas to Cut Waste, Balance the Budget and Stimulate the Economy Without Raising Taxes
Evergreen Freedom Foundation (12 Jan 10)
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