By Jeannette Neumann
Cities Tap Homeowners for Revenue as Workers’ Retirement, Health Costs Rise.
Cities across the nation are raising property taxes, largely citing rising pension and health-care costs for their employees and retirees.
In Pennsylvania, the township of Upper Moreland is bumping up property taxes for residents by 13.6% in 2011. Next door the city of Philadelphia this year increased the tax 9.9%. In New York, Saratoga Springs will collect 4.4% more in property taxes in 2011; Troy will increase taxes by 1.9%.
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