PCAPS IN The News: “Nightmare on Rittenhouse Square”

Dawn Hawkins (left) protests against city tax abatements with the Philadelphia Coalition Advocating for Public Schools outside of 10 Rittenhouse Square in Philadelphia on Tuesday, Oct. 29, 2013. (Stephanie Aaronson / Philly.com)
Dawn Hawkins (left) protests against city tax abatements with the Philadelphia Coalition Advocating for Public Schools outside of 10 Rittenhouse Square in Philadelphia on Tuesday, Oct. 29, 2013. (Stephanie Aaronson / Philly.com)
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ALEX WIGGLESWORTH, FOR PHILLY.COM

LAST UPDATED: Tuesday, October 29, 2013, 7:12 PM

Against the backdrop of tony Rittenhouse Square, protesters with the Philadelphia Coalition Advocating for Public Schools and like-minded organizations donned Halloween costumes Tuesday afternoon for a festive rally against the city’s 10-year property tax abatement.

The abatement, which became law about 15 years ago, applies to all newly-constructed or improved properties in the city.

But, according to a report released Tuesday by PCAPS, the program will deprive Philadelphia schools of millions in property tax revenue in the coming year, with three buildings in Rittenhouse Square alone accounting for $2.1 million of the loss.

Read more at http://www.philly.com/philly/education/Public_school_supporters_protest_tax_abatements_outside_Rittenhouse_highrises.html#UqXSUEgib7LP3w7S.99

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