1. Money

Pittsburgh Mayor Proposes 1% College Tuition Tax

By November 15, 2009

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In a move bound to alienate virtually every young voter in town, Mayor Luke Ravenstahl has proposed a 1% tuition tax on tuition paid to colleges within Pittsburgh city limits.

While some might argue that the tax is insignificant ($100 per $10,000 in tuition), others see the start of a dangerous trend among cash-strapped cities. For the city of Pittsburgh, the proposed tuition tax is expected to collect nearly $16 million dollars in the coming year!

Naturally, with a tax that has been called everything from "idiotic" to "unconstitutional," a major fight looms in the wings.

We'd like to hear your opinion in our College Savings Forum...

Is Mayor Ravenstahl off his rocker, or is this a great idea?

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