Use and Occupancy Tax
Parents upset with the Philadelphia School District’s budget crisis came to City Council Thursday, hoping those lawmakers would boost the size of the city’s bailout. The parents left disappointed.
Rob Dubow, the mayor’s finance director, argued against raising the city’s “U&O” business tax and in favor of boosting taxes on liquor and cigarettes.
City Council’s Finance committee today examines a proposal from Seventh District councilwoman Maria Quinones Sanchez on the ‘Use and Occupancy Tax,’ or U&O, a type of property tax specific to business owners.
The budget season is over at Philadelphia City Hall. City Council has passed a $3.6 billion budget, ending a tumultuous three-month stretch during which tough decisions were made on how to make ends meet.
As City Council continues grappling with Mayor Nutter’s controversial property tax proposal, one of the local lawmakers is pushing an alternate plan.