Pennsylvania’s Democratic legislators are very proud of themselves for reducing property taxes by offsetting them with slot machine revenue.
“Pennsylvania’s budget secretary this week certified that the state’s slot machine facilities have now produced enough revenue to begin reducing property taxes – more than $600 million for homeowners statewide.”
I do not understand why this is good news. Sure, it sounds good. After all, who doesn’t want their property taxes lowered? Unfortunately, that which sounds too good to be true, likely is.