Tax Abatement

Dreamstime
Pat Loeb
June 06, 2018 - 8:59 pm
PHILADELPHIA (KYW Newsradio) — During the end-of-the-year rush, City Council's Finance Committee held nearly eight hours of hearings Wednesday on more than a dozen bills, during which it voted to advance a hotly debated affordable housing initiative. The committee narrowly approved a bill placing a...
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Dreamstime
Pat Loeb
June 06, 2018 - 11:48 am
PHILADELPHIA (KYW Newsradio) — In an end of the year rush, Philadelphia City Council's finance committee is holding hearings on a number of important bills Wednesday in hopes of getting them passed before the summer recess. The committee is considering a bill eliminating the school district portion...
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Reginald Ross
Pat Loeb-KYW Newsradio
Pat Loeb
May 24, 2018 - 6:23 pm
PHILADELPHIA (KYW Newsradio) — Philadelphia's 10-year real estate tax abatement is still delivering benefits that outweigh its costs, according to a report the city released Thursday. The study finds that the abatement helped the city recover from the recession, and consultant Reginald Ross says a...
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Tonya Bah, education chair for Neighborhood Networks, wants a full audit of the school budget.
Mike Dougherty | KYW Newsradio
Mike Dougherty
May 08, 2018 - 9:39 pm
PHILADELPHIA (KYW Newsradio) — A coalition of activists are demanding that big institutions in Philadelphia give their fair share for education in the city. Wealthy corporations like Independence Blue Cross and Comcast, as well as schools like Penn, Drexel and Temple, were called out by activists...
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Luxury Apartment
Pat Loeb
April 22, 2018 - 2:15 am
PHILADELPHIA (KYW Newsradio) -- Philadelphia's City Controller has released an analysis of the ten-year tax abatement program . It finds the benefits have been concentrated on a relatively small pool of properties in a limited geographic area. Controller Rebecca Rhynhart says just 6 percent of...
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