By now anyone who pays any attention to Philadelphia politics already knows that State Senator Vince Fumo is going to announce that he's seeking re-election, leaving the field wide open for the remaining three candidates to duke it out for the Democratic nomination.
What you may have missed, however, is this little side bar piece by Bob Warner of the Daily News. It appears that Senator Fumo will be providing the City of Philadelphia with a little extra tax revenue than he had been previously:
A spokesman for the Board of Revision of Taxes reported yesterday that the BRT staff has assessed the market value of Fumo's brownstone home on Green Street at $953,000, up from $250,000 in the current tax year.
The new assessment will mean an equally large jump in Fumo's tax bills, from $6,611 this year to $25,201 next year, according to BRT spokesman Kevin Feeley.
I haven't gotten the email blast from Brett Mandel at Philadelphia Forward yet but I think I can predict what his advice to Fumo will be: appeal, baby, appeal!
The Fumo property tax situation is just another, if very high profile, example of the dysfunction of the city's property tax system. It's a topic that I'm sure we'll cover in some depth soon so stay tuned.
Update: The Inquirer goes into a little more detail about Fumo's tax situation.
Comments (1)
I believe you mean "that he's NOT seeking reelection."
Posted by Max | March 12, 2008 11:44 AM