· mayor cherelle parkers 2026 budget proposal would cut the citys wage tax and its business income and receipts tax while increasing the real estate transfer tax. · to come up with a plan, city council president kenyatta johnson convened a new tax reform commission, which held its first public meeting monday and is expected to produce policy recommendations this fall. · “without more help, my tax bills will likely just keep going up each year and i’ll get further behind,” she told the committee monday afternoon. · philadelphia would cut business tax rates every year and begin spending hundreds of millions of newly allocated dollars on housing and drug treatment programs under a proposed 2026 budget mayor. Ahead of a final vote, residents in delaware county expressed their opposition to a proposed 19% property tax increase during a meeting monday night. The proposal comes just one year after the. · philadelphia ’ s double tax system on businesses could be phased out in the coming years if mayor cherelle parker’s budget proposal on thursday and subsequent legislation to codify the tax cuts are successful. Philadelphia mayor cherelle parker is expected to announce a restructuring of city taxes when she introduces her $6. 7 billion budget to city council.

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