Northeast Times

City tax revenues rose $200 million

City tax rev­en­ues rose $200 mil­lion dur­ing the fisc­al year that just ended, the city con­trol­ler said Monday.

The 2013 fisc­al year that ended June 30 saw rev­en­ue in­creases for al­most every city tax, City Con­trol­ler Alan Butkovitz stated in a news re­lease.

The re­alty trans­fer tax brought in $28 mil­lion more than it did in the 2012 fisc­al year. The busi­ness priv­ilege tax brought in 19 per­cent more than it did in 2012. Sim­il­arly, there was a 16 per­cent rise in to­bacco taxes and an 8 per­cent in­crease in real es­tate taxes.

The con­trol­ler’s deputy, Har­vey Rice, said the 2-year-old to­bacco tax’s in­crease was due to more com­pli­ance. He said real es­tate and busi­ness tax rises were due to a re­bound in the eco­nomy and might also be due to in­creased col­lec­tion ef­forts.

One rev­en­ue stream that slowed in the 2013 fisc­al year was the amuse­ment tax, which dropped 14 per­cent. That de­cline could be at­trib­uted to Phil­adelphia’s pro sports teams not mak­ing it in­to post-sea­son play, which res­ul­ted in few­er tick­et sales. 

The 5 per­cent tax is im­posed on the tick­et prices of any amuse­ment event in the city — in­clud­ing con­certs, movies and games. ••

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