|
|
Senate District 12 In light of the fact that just slightly over 20 percent of the state's 501 school districts have voted to opt in to Act 72 of 2004, I am proposing that the Legislature take this opportunity to assist more fixed-income senior citizens with affording their property taxes and rents. My proposal deals with the anticipated slots revenues remaining after the 111 school districts that have voted to participate have received their share. I am planning to offer legislation that will utilize those revenues to expand the Property Tax/Rent Rebate program currently supported by State Lottery proceeds. By piggybacking on this existing program and by using slots revenues that will not be going to the majority of the state's school districts under Act 72, we can provide property tax and rent rebates to about one million older and disabled Pennsylvanians of modest income. The current Property Tax/Rent Rebate program serves about 330,000 citizens. Based on $500 million in revenue, this proposal could raise the Property Tax/Rent Rebate income eligibility from its current $15,000 to $30,000 per household, and we could increase the maximum rebate from $500 to $1,200. As with the current program, those eligible would be 65 or older, as well as widows and widowers 50 and older, and permanently disabled individuals between the ages of 18 and 65. Just as with the current program, rebate amounts would be granted on a sliding income scale. Depending upon the amount of slots revenues, I would like also to utilize Act 72 revenues to fund my longstanding legislation for a property tax freeze on the homes of those 65 and older with a household income of $40,000 or less. This proposal, contained in Senate bill 72, would benefit more than 900,000 older homeowners by capping their property taxes at current levels. Act 72 funds could be used to reimburse school districts for the approximately $70 million that implementation of a freeze would cost. My proposals would benefit those most affected by property tax and rent increases -- senior citizens on modest fixed incomes. The slots revenues under Act 72 were intended for property tax relief, and the fact that so many school districts elected not to use the anticipated revenues gives us the opportunity to direct relief toward those who need it most. Greenleaf Proposal Would Aid Seniors with Remaining
Act 72 Revenues
CapNews Guest Speaker: Archives |