I will propose that this tax become effective January 1, 2027. Yes, that is six months sooner than we originally proposed when I introduced it on March 12. But I want you to know that This increase in the ride share tax will generate $48 million per year beginning in FY28 annually for the School District of Philadelphia. $48 million in new recurring revenue for the school district of Philadelphia. And because we're moving the date, we're moving it up the date of collection by six months, that will generate $24 million in additional revenue in FY27. (10:08–10:26)
CLAIM
Asserts that the increased ride share tax will generate $48 million annually for the School District of Philadelphia starting FY28.
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