Pa. Slots To Yield $200-A-Household Tax Cut Again
HARRISBURG, Pa. (AP) - For a second straight year, Gov. Ed Rendell says the state will distribute enough slot-machine gambling revenue to cut next year's school property taxes by about $200 per household.
Millions of Pennsylvanians received tax cuts last year, the first time slots money was distributed.
The property-tax cuts apply to eligible home and farm owners outside of Philadelphia. In Philadelphia, the slots revenue also pays for a reduction in the city's wage tax rate in 2009.
Rendell says about $770 million will go toward tax cuts, based on the amount of slots revenue expected by Oct. 15. Last year, the state released enough to cut school property taxes by about 10 percent.
Rendell says he again expects the money also will wipe out school property taxes for approximately 110,000 seniors.