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Mayor Nutter discusses fiscal crisis facing the City and a new level of public engagement in the budget process
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Pew Looks at How Other Cities Are Dealing with Budget Problems
"We found that almost every city we studied has a significant budget problem on its hands, largely due to falling tax revenues, decreased state aid and weakened pension funds,” says Larry Eichel, project director of Pew’s Philadelphia Research Initiative.
"We found that almost every city we studied has a significant budget problem on its hands, largely due to falling tax revenues, decreased state aid and weakened pension funds,” says Larry Eichel, project director of Pew’s Philadelphia Research Initiative.
May 19, 2009
Philadelphia’s situation stands out in ways that help explain why it is relying more than others on a tax increase—which is slated to be temporary—to help solve its fiscal problems, city officials say.
Phila. among few big cities entertaining tax hikes
Few major U.S. cities are trying to raise taxes to close budget shortfalls amid the economic downturn, according to a report issued yesterday.
Few major U.S. cities are trying to raise taxes to close budget shortfalls amid the economic downturn, according to a report issued yesterday.
May 19, 2009
Of 13 cities studied, just four - including Philadelphia - have proposed or enacted tax increases as a way of generating revenue and preserving services and jobs.