Pennsylvania’s governor was plain spoken a few minutes ago as he addressed both parts of the general assembly when he said:
“This will not be an ordinary Governor’s budget address.”
“It’s a fact supported by Standard and Poor’s – an independent rating agency. They have done the math. And they agree: Pennsylvania faces a massive structural deficit that will only continue to grow if we fail to address it responsibly.”
“Nearly three-quarters of Pennsylvania homeowners will see their already-too-high property taxes skyrocket even further.”
“Thousands of teachers will be laid off. Guidance and career counselors will be handed pink slips, as well.”
“If you were running a business, and you took a budget like this to your banker, you would be laughed out of the room. But Pennsylvania’s creditors don’t have a sense of humor about this sort of thing. And neither should we.”
“But if you won’t face up to the reality of the situation we’re in. . . if you ignore that time bomb ticking. . . if you won’t take seriously your responsibility to the people of Pennsylvania – then find another job.”
Read the full text of Governor Wolf’s Budget Address here. – The York Daily Record
So how bad are Pennsylvania’s property taxes when compared nationally; this article at 24/7 Wall St. addresses that.
“For Americans across the nation, housing expenses are typically the largest costs of living. Not only is a house the biggest purchase in most Americans’ lives, but also monthly rent or mortgage payments often exceed what is spent on food, luxury, savings, and transportation combined. Similarly, property taxes make up the bulk of taxes paid each year by most people in the United States.
“Property taxation is almost always done at the state and local level. A range of government bodies, including cities, counties, school boards, safety departments, and utility commissions, levy property taxes in a variety of ways.
“Of the $3.1 trillion in taxes the federal government collected in fiscal 2014, more than two-thirds came from income and payroll taxes. Only 1% came from estate and trust taxes — levied on the exchange of property after death and perhaps the only federal tax that could be considered a property tax.