#1 out of 5
politics1d ago
State College Borough faces affordability concerns over proposed 35% real estate tax hike
- State College Borough is weighing a 35% increase in real estate taxes as part of next year’s budget.
- Council members discussed deferring capital projects to lower the tax impact.
- State College Borough received a $2.8 million transfer tax payment that could affect the budget.
- Residents fear the tax increase could reduce affordability in the community.
- Borough council plans to adopt the final budget version on December 15.
- Officials are exploring revenue options, including potential new taxes such as a drink tax.
- The budget talks center on balancing service cuts with tax increases.
- Local officials describe the budget as a difficult, hard decision for the community.
- The discussion followed a meeting where affordability concerns dominated.
- The council aims to finalize decisions before the December 15 deadline.
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