Civic News
Finance / Municipal government

City of Philadelphia can collect 30% of $515.4M in taxes owed: Pew report

This estimate relies on a number of factors, one of them being the city's plan to spend $40 million over five years to target tax deadbeats. Part of that $40 million initiative is an upgrade to the Revenue Department's 90s-era tax software.

Within the next several years, the City of Philadelphia will be able to collect 30 percent, or $155 million, of the $514.4 million in taxes its owed, a study by the Pew Charitable Trusts estimated.

This estimate relies on a number of factors, one of them being the city’s plan to spend $40 million over five years to target tax deadbeats. Part of that $40 million initiative is an upgrade to the Revenue Department‘s 90s-era tax software.

Read the whole report here [pdf].

Read more on Newsworks about why the city will only be able to collect 30 percent of the taxes its owed.

Companies: City of Philadelphia / Revenue Department

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