Mayor Jim Kenney plans to call for continuing to cut Philly’s business tax in his final budget proposal

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Daily News | Mayor Jim Kenney plans to call for continuing to cut Philly’s business tax in his final budget proposal

, laid out what he hopes to do when he leaves office in 2024, and offered some advice to his eventual successor.

Although Kenney in the past has favored lowering the business income and receipts tax, he did not include a cut in his original budget proposal last year, focusing instead on softening the real estate tax impact of the first citywide property reassessment in three years. Council then pushed through a plan to lower the net income portion of the tax from 6.2% to 5.99%, which the administration supported.

“I’ve done my best every single day, and I care,” Kenney said. “I think maybe sometimes I care too much because that’s expressed in my face, and [people ask], ‘Why aren’t you smiling?’ Well, because there’s not always a reason to smile. I would love to smile all the time, but you’d think I was nuts.”

 

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