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December 22, 2009, 01:05 PM ET
Pittsburgh Drops Tuition Tax as Nonprofit Groups Pledge Fiscal Help
Pittsburgh Mayor Luke Ravenstahl has abandoned a proposed 1 percent tuition tax, saying universities and other major nonprofit institutions have promised increased payments to help put the city on a more sound fiscal footing, the Pittsburgh Post-Gazette reports.
Mr. Ravenstahl did not specify figures or a time frame for the higher payments but emphasized that the city and its leading tax-exempt organizations will join forces to push for new state legislation on municipal finance.
The mayor had pushed the student tax, which would have been the first of its kind in the nation, as necessary to raise $15-million a year to bolster the city’s pension fund. The City Council repeatedly postponed votes on the bill to allow time for talks with universities, which united against the proposal.
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