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Pa. budget chief says slots to provide property tax cuts

December 13, 2007|By

HARRISBURG, Pa. ? Gov. Ed Rendell's budget chief says Pennsylvania is on schedule to cut homeowners' property taxes next year with revenue from slot-machine gambling.

Budget secretary Michael Masch says a special state property-tax relief fund had a $506 million balance as of Friday.

Masch is required to certify in April whether the fund has reached the $570 million threshold required for the state to distribute the money for tax cuts in the 2008-09 fiscal year.

The money also will be used to cut taxes for people who pay Philadelphia's wage tax.

Masch discussed the property-tax relief fund during a midyear briefing on the current state budget.

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