This is how Altoona pays for pensions Your money well spent?
It’s a fact. 41% of Pennsylvanians live in a municipality that is financially distressed.* What do these communities–and most PA municipalities– have in common?
First, the mounting costs of unsustainable public safety employee pensions–the most pressing problem by far.
Second, outdated binding arbitration laws that handcuff municipalities at the negotiating table and push them deeper into debt.
Third, an abundance of tax-exempt properties within their borders that use their service but pay no taxes.
Fourth, an unbalanced school funding formula that leaves some districts flush while others are forced to squeeze more out of the taxpayer.
As a state, we’re failing at basic math. Locked up in these disparities are much-needed road repairs, new police and fire hires, new equipment, higher education standards and lower taxes. It’s time to educate and advocate for taxpayer fairness.
It’s time to Fix the Numbers.
- 66 of Pennsylvania’s 67 counties have at least one municipality with a pension plan under a high level of financial stress.**
- Under current law, a municipality’s fiscal stability does not have to be considered when new police and fire contracts are awarded through binding arbitration.
- In Pennsylvania, at least 542 communities have a significant percentage of tax-exempt properties.
- 473 out of 500 Pennsylvania school districts are operating with insufficient resources.***