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2008 Operating & Capital Budget - City of Pittsburgh

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<strong>City</strong> <strong>of</strong> <strong>Pittsburgh</strong><br />

<strong>2008</strong> <strong>Operating</strong> <strong>Budget</strong><br />

General Fund Revenues<br />

INCREASE/<br />

ESTIMATES BUDGET ACTUAL (DECREASE)<br />

<strong>2008</strong> 2007 2006 <strong>2008</strong> OVER 2007<br />

Business Privilege Tax $ 8,150,000 $ 8,043,000 $ 14,677,563 $ 107,000<br />

The Business Privilege Tax is a 1 mill tax on the gross receipts <strong>of</strong> a service business, trade, or pr<strong>of</strong>ession in the <strong>City</strong>.<br />

The Business Privilege Tax was originally levied at the rate <strong>of</strong> 6 mills. It was lowered to 2 mills in 2005 and 2006. In 2007 through 2009,<br />

the rate is lowered to 1 mill and this tax will be eliminated in 2010.

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