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New trend: Property taxes going up to pay for city employee pensions

I found this article by J. Neumann incredibly telling of many local government’s planning and foresight. In many cities, it will be homeowners that incur the untimely burden of large property tax increases instead of steady incremental increases that may have solved the same issue with lesser personal financial impact. Enjoy! ~ Ryan

Cities tap Homeowners for Revenue as Workers’ Retirment, Health Costs Rise

Cities across the nation are raising property taxes, largely citing rising pension and health-care costs for their employees and retirees.

In Pennsylvania, the township of Upper Moreland is bumping up property taxes for residents by 13.6% in 2011. Next door the city of Philadelphia this year increased the tax 9.9%. In New York… (Click here to continue reading)

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