Mayor to council: Tax credits for UPMC for Pittsburgh Promise

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Mayor Luke Ravenstahl today asked City Council to grant UPMC tax credits in the amount of money it donates to the Pittsburgh Promise, a program to give college grants to city high school students who meet minimum grade requirements.

A similar proposal will be considered by the city school board on Wednesday.

The tax credits would take effect if the city wins the right to tax nonprofits and also would count toward any payments the health organization would have to make in lieu of taxes.

In the first major contribution to the tuition program, UPMC recently announced it would give $10 million to the fund next year and as much as $100 million over the next 10 years. The donation is a challenge grant and the city must raise $15 million from other sources to get $10 million from UPMC each year.

Mr. Ravenstahl's proposal would grant UPMC tax credits on a dollar-for-dollar basis based on the money it donates to the Pittsburgh Promise.

Council is expected to take up the request tomorrow.




More details in tomorrow's Pittsburgh Post-Gazette.



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