City Officials to Explore Ramped-up Tax Debt Collection Efforts

Mayor Kenney today announced the launch of a feasibility study of business tax delinquency sales. The Mayor was joined in the announcement by City Councilman-at-large Allan Domb, a longtime advocate of debt sales to recoup delinquent tax dollars. “A tax debt sale can be a vital tool
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Top US Hedge Fund Managers Made Nearly $13B in 2015

VOA Ken Bredemeier A new U.S. survey shows even with stock market volatility on Wall Street last year, top hedge fund managers were paid huge sums to handle the investments of the country's wealthiest people. Institutional Investor's Alpha magazine said its annual look at the earnings of the leading hedge (more...)

ICYMI: Proposed Budget Boosts Efforts to Nab Tax Delinquents

In case you missed it, Mayor Kenney's proposed FY17 Operating Budget and Five Year Plan include additional funding to ramp up the Revenue Department's efforts to collect delinquent taxes. Department budget boost could secure $69 million in back taxes, Philly revenue chief says Newsworks // Katie Colaneri Philadelphia (more...)

Ex-US Senator: Don’t Waste Panama Papers Scandal

VOA Jim Randle Former cell phone spy free trial download U.S. senator Carl Levin sildenafil generic says public anger over the Panama Papers offers an opportunity to "make real progress" (more...)

US Targets Money Laundering in All-cash Home Sales in Miami, Manhattan

Reuters The United States is going after international criminals who use real estate to launder money by ordering title insurance companies to report the identities of people making all-cash purchases of high-end real estate in Miami and Manhattan. The Financial Crimes Enforcement Network, an arm of the U.S. Treasury, said on Wednesday (more...)

City Of Philadelphia To Hold Second Tax Lien Sale

Department of Revenue expects successful repeat of summer pilot program The City of Philadelphia announced that the Department of Revenue will hold a second internet-based real estate tax lien sale auction, which will run from December 16-18, 2015 and be hosted by Real Auctions, LLC. Following the success of (more...)

31% of Black Friday Items Offer No Savings – WalletHub Study

With 63 percent of American consumers saying that Black Friday doesn’t offer the best deals of the year, the personal finance website WalletHub conducted an in-depth analysis of 2015's Best & Worst Items to Buy on Black Friday. To find out whether shoppers are really getting the best deals, the (more...)

Wolf Tax 3.0: No Relief, No ‘Fair Share,’ Just Higher Taxes

Latest Plan Raids $750 from Paychecks of Pennsylvania Families Refusing to waver from his obsession with higher taxes for Pennsylvania families, Gov. Tom Wolf today released key details of his latest tax-increase plan, tentatively scheduled for a vote tomorrow in the state House. “The fact is, Pennsylvanians would pay a whopping 16 percent more (more...)

10 Reasons Why You Might Be Financially Stressed

By Nathaniel Sillin Stress can come from everywhere – career, school, family, relationships, health – and especially money. The American Psychological Association (APA) recently reported that money remains the number one stressor for 72 percent of Americans. In fact, money has led the APA's annual stress survey since its debut in 2007, the (more...)

Senate Labor and Industry Committee Examines Unemployment Compensation Changes

The Senate Labor and Industry Committee held a public hearing to examine recent changes to unemployment compensation eligibility and potential negative impacts to seasonal workers. The meeting was convened at the request of Senator Sean Wiley (D-49) who has long-advocated a forum for legislators to hear directly from the greater Erie community. Under (more...)

White Bill to Aid Cooperatives and Condos Passes House

The House has passed legislation sponsored by Rep. Martina White (R-Philadelphia) to help those living in condominiums and cooperative associations.  It now moves to the Senate. “My legislation, House Bill 1340, will ensure that these self-governing communities are not negatively affected by a recent U.S. Court of Appeals decision and new (more...)

Greece Asks for New Bailout, Pledging Reforms

VOA News Debt-wracked Greece asked its European neighbors for a new three-year bailout Wednesday, pledging to "immediately implement" tax and pension reforms. Greek Prime Minister Alexis Tsipras told the European Parliament in Strasbourg that Athens would produce "new concrete proposals" by Thursday to meet the demands of European leaders who've grown weary (more...)

Time to Reform Crop Insurance

Center for Rural Affairs launches crop insurance reform initiative The Center for Rural Affairs announced the launch of an initiative aimed at reforming federal crop insurance programs. The time has come for crop insurance reforms that emphasize conserving soil and water, put real limits on subsidies to the nation’s largest farms, and (more...)

Ciity Of Philadelphia Mailed Property Tax Reassessment Notices Foe 131,000 Properties

The City of Philadelphia’s Office of Property Assessment (OPA) mailed approximately 131,000 property reassessment notices for Tax Year 2016 to Philadelphia property owners. Almost 126,000 notices are a result of OPA’s yearly reassessment process to improve and maintain property assessments.  The OPA examined properties in certain neighborhoods in the city where values (more...)

America Is Facing a Pension Time Bomb

by  on March 23, 2015 posted in CitiesEconomics It’s been compared to a cliff, a storm, even Greece, but no matter the analogy, the predicament remains the same: States across America are facing a public pension crisis of (more...)

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