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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 14 4:00 PM EST

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To: energyplay who wrote (58876)	12/16/2009 2:31:08 AM
From: TobagoJack	Read Replies (1) of 217786

just in in-tray, a show of the barbarity In a breathtaking example of the desperation politicians are seeing in regards to finding sources of new tax revenue to feed the ravenous appetite of government workers and pensioners, we see this tax on local non-voters.... From the New York Times: nytimes.com SNIP: The mayor of Pittsburgh calls it the “Fair Share Tax.” But to officials at the city’s 10 colleges and universities and many of their 100,000 students, it is anything but. On Wednesday, the City Council is expected to give preliminary approval to Mayor Luke Ravenstahl’s proposal for a 1 percent tuition tax on students attending college in Pittsburgh, which he says will raise $16.2 million in annual revenue that is needed to pay pensions for retired city employees. Final Council action will be on Monday. The tax would be the first of its kind in the nation, and other cities are watching closely as they try to find ways to close their own budget gaps. As a town-gown clash, the issue pits local taxpayers against mostly out-of-state students. But it is also a struggle between the old Pittsburgh and the new, as the mayor tries to force the city’s youngest residents to support some of its oldest. Politically, Mr. Ravenstahl risks few votes in leaning on universities for revenue because college students rarely vote in local elections. And many of the constituencies that supported Mr. Ravenstahl’s re-election in November have been vocally supportive of his tax plan.

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