Friday, October 24, 2014
Inquirer Daily News

City Poverty Rate Climbs

Check out this release from the city controller:

City Poverty Rate Climbs

Check out this release from the city controller:

Philadelphia’s Poverty Rate Outpaces Largest U.S. Cities
Butkovitz’ monthly economic report includes new City poverty rate,
compares highest populated cities


PHILADELPHIA – City Controller Alan Butkovitz today released his monthly economic report that focuses on Philadelphia’s new poverty rate of 25% that outpaces the poverty rates of the nation’s largest cities.

Philadelphia, the sixth largest U.S. city, has a poverty rate above Chicago, 21.6%; Houston, 20.6; Los Angeles, 19.58%; and New York City, 18.7%. Detroit, the 11th largest city and about half the size of Philadelphia, has a higher rate with 36.4%.

While the current 2009 rate is below the City’s 2006 rate of 25.1%, it was 18.5% in 2000. Philadelphia’s poverty rate has seen steady increases the last two years.

Along with a look at poverty rates, the Controller’s economic report includes City tax revenues for August totaled $177.3 million, a slight increase from last month’s collections. Monthly sales tax collections were $23.4 million, making it the highest monthly collection since the 8% sales tax increase was implemented.

The Controller’s economic report is compiled on a monthly basis and includes an Economic Snapshot and Forecast, as well as real estate information and other local statistics. These reports are circulated every month to assist key decision makers in understanding and anticipating local and national economic trends. Both of these documents are a useful tool for policy makers and analysts in understanding our regional and local economy.

To view the Economic Forecast and Monthly Snapshot, please visit the City Controller’s Web site at www.philadelphiacontroller.org

About this blog
Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
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Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
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