In a Express-Times letter to the editor the writer said, Whoa hold on their hoss. I'm not sure where people got the idea their property taxes would be eliminated entirely. I hate to burst anyone's bubble but chances are more favorable a property owner will win the lottery then see property taxes disappear. No, property taxes will never be eliminated entirely.. ever!
I don't have the latest numbers but "in 2012, Pennsylvania spent $26.5 billion on K-12 education.". Of that amount the state's share was 36%. Local taxes made up 53% of that amount. The remaining 11% came from federal government. Therefore at present $14.045b (53% of $26.5b) is derived from local taxes on properties
Even if Democrats got everything they wanted their proposal would only raise $4.7b. That's a far cry from the $10b more needed even using the figures from 2012.
Here's how they planned to raise the $4.7b. In addition to raising sales tax to 6.6% their plan all along called for raising the state's income tax from 3.07% to 3.85. A new shale extraction tax. Throwing another buck a pack tax on cigarettes along with additional taxes on smokeless tobacco & cigars and imposing sales tax on some never before previously exempt items. All that just to get the $4.7b.
Concerning The 8% Sales Tax In The LTE
Even if legislators agreed to a 8% sales tax it still wouldn't be near enough.
As of June 1st sales taxes brought in $8.6b. Using simple math if sales tax was 2% more it still would only have raised $2.5b more. This would amount to less then $5b by the end of this year. Far short of what would still be needed to eliminate property taxes entirely.
Yeah, good luck with that!