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Old 07-31-2012, 08:07 PM
 
Location: Texas
1,767 posts, read 2,349,068 times
Reputation: 634

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Scranton, PA, who owes back wages to city employees,
has found a way to pay it with interest... from the wallets
of property owners.

City property tax will be raised at least 33%


Scranton pays up owed income plus interest to city employees | Fox News



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Old 07-31-2012, 08:08 PM
 
3,265 posts, read 3,194,486 times
Reputation: 1440
Good. That's how taxes work.
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Old 07-31-2012, 08:21 PM
 
Location: Texas
1,767 posts, read 2,349,068 times
Reputation: 634
Quote:
Originally Posted by box_of_zip_disks View Post


Good. That's how taxes work.


That's how the Democrat Mayor solved his problem.


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Old 07-31-2012, 08:50 PM
 
1,922 posts, read 1,745,961 times
Reputation: 798
6 percent interest is pretty generous.
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Old 07-31-2012, 08:58 PM
 
11,944 posts, read 14,784,939 times
Reputation: 2772
Quote:
Originally Posted by king's highway View Post
.


Scranton, PA, who owes back wages to city employees,
has found a way to pay it with interest... from the wallets
of property owners.

City property tax will be raised at least 33%
Hmmmm isn't that curious. It's kind of like using electricity for 6 mos and then declaring you never intended to pay the bill, but blame the electric company employees for your 'persecution'.

And I look at the people who are paid big bucks to manage, to mind ledger books, and to mind long term goals.... all hobbled by irrational legislators making mockery of the job. But the legislators don't pay for their mistakes. Do they? Why is that so? How can it be that bloviating authority can be so many times over removed from consequence, or responsibility, for their actions? Why, you'd almost think they were a corporation!
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Old 07-31-2012, 08:59 PM
 
Location: mancos
7,787 posts, read 8,030,764 times
Reputation: 6691
More people moving and more foreclosures so what else is new in tax,tax,tax sewer ville
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Old 07-31-2012, 09:17 PM
 
Location: Texas
1,767 posts, read 2,349,068 times
Reputation: 634
Quote:
Originally Posted by Greg_IA View Post

6 percent interest is pretty generous.

It certainly is.

Sure beats CDs and Treasuries.



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Old 07-31-2012, 09:49 PM
 
41,813 posts, read 51,059,937 times
Reputation: 17865
You need to understand the history of this. Scranton has been in financial troubles for more than a decade. The Unions didn't want to budge on compensation during negotiations so it ended up going to abitration. The arbitrator did not have to consider the dire financial situation of the city and it's ability to pay and awarded the Unions a very favorable award of something like 30 million dollars.

So on top of already being in financial trouble they are in more trouble and really have lost control of anyway to bring it under control because the biggest expense of course is the police and fire fighters.

FYI the tax hike is proposed long before they started paying minimum wage. The minimum wage was actually result of budget battle between the Mayor and the Council. They didn't have any money to pay them, at some point in time they did get a full pay check as there was some unexpected revenue.
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