Property Tax Relief Fund

==Insights==
* The state's gambling gods need to give a certification that involves determining whether the state's Property Tax Relief Fund will hold at least $570 million each Oct. 15. 
* Three-quarters of which can be used for tax cuts and the rest of which must be held in reserve.
* As of Friday, April 13, 2007, the balance in the state's Property Tax Relief Fund was $115 million, Masch said. He projected that another $330 million would come in during the next six months, but the combined amount would fall short of the legal requirement for a distribution.
* If the Legislature approves Rendell's call for a sales tax increase of one percentage point, one-third of the additional revenue, or $420 million, would be added to the gambling money and be used to cut school taxes in the 2007-08 year.
==Links==
* Gambling
* Property Tax
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* Property Tax Relief Fund-plank from Mark Rauterkus
category:finance