09/21/2026
π At the upcoming council meeting, a proposal will be presented to adopt a new 1% earned income tax while repealing the per capita tax.
This strategic move, led by Councilwoman Martha Howlett, aims to provide a sustainable revenue source that aligns with inflation. While the eliminated taxes will cost the borough approximately $372,000, the new income tax is projected to generate around $800,000 next year, potentially reaching $1.6 million annually once fully implemented!
π° This means better funding for community services and infrastructure. Notably, those working in Philadelphia will be exempt from this tax, ensuring fairness for our residents. As your trusted real estate expert, Iβm here to keep you informed about local developments that can impact your property investments. Let's navigate these changes together!π‘