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?