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Critics have warned against the notion of borrowing to finance a tax relief program, seeing it as election-year pandering.
Something to keep in mind around mid-April: The state's new $1.3 billion school property tax relief program is taxable.
And he is proposing to restructure the state's property tax relief program, known as Star, to make it less beneficial for the wealthy.
The governor also proposed a one-year freeze on payments from the STAR property tax relief program, except for the elderly.
This is money that the city would have collected directly from the taxpayer in the absence of the tax relief program, he said.
Mr. DiFrancesco said it "would be the most significant tax relief program in one year in state history, without raising other taxes".
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But as the city attempts to raise funds to offset budget deficits, is it possible some tax relief programs may be targets?
And Mr. O'Shea's office recently sent out about 200,000 of these forms to every homeowner enrolled in tax relief programs.
"The only way to guarantee that we will sustain property tax relief programs far into the future is by grappling with the mountain of debt that has been accumulated over these past eight years," he said.
During the Barnes administration, Governor Ed Rendell encouraged local Pennsylvania school boards to participate in Act 72, a state property tax-relief program.
Chancellor of the Exchequer George Osborne announced Wednesday that the government had approved enhancements to the United Kingdom's film-tax-relief program, which will take effect April 1.
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