City Council: Full funding for Phila. school district won’t happen – Philadelphia Business Journal

By Alison Burdo

– Philadelphia City Council will not consider the school district’s request for $103 million in city funding, instead setting a goal of about $80 million after weeks of closed-door discussions, KYW Newsradio reported.

…the consensus among councilmembers is to provide in the range of $70-80 million — just under the school district’s projected deficit of $85 million.

But how to achieve that? Councilmembers remain resistant to a major property tax hike as Mayor Nutter proposes, but there seems to be no consensus on alternate means.

According to multiple sources, a host of ideas are being looked at, including increasing the city’s Use and Occupancy (U&O) tax, raising the tax on off-street parking, passing a smaller property tax hike, and/or the sale of tax liens to third parties.

The budget conversations are set to continue, with hopes a decision would be passed on June 18 — the last scheduled weekly meeting of City Council before they begin a three-month summer recess,

Source – http://www.bizjournals.com/philadelphia/morning_roundup/2015/06/phila-city-council-school-district-funding-80-mil.html