Friday, February 12, 2016

Nutter's Request for Federal Aid to Cities Gains Support

Mayor Nutter's effort to get more federal aid for cities is moving forward. Yesterday, top city administrators -- including Budget Director Steve Agostini and Finance Director Rob Dubow -- hosted a conference call with officials from cities around the country to talk about municipal fiscal woes. On the call were chiefs of staff and budget personnel from Dallas, Phoenix, Los Angeles, Cleveland, Baltimore, Miami, Milwaukee and Minneapolis. They talked about Nutter's request that the federal government make some of the $700 billion bailout package available to cities -- so that cities could borrow to shore up pension funds, run their governments and start infrastructure projects. Many cities, like Philadelphia, are facing devastating budget shortfalls due to low tax revenues and poor performance of pension fund investments. Nutter spokesman Luke Butler said the other cites expressed support for the request for federal aid. The next step will be a conference call between the cities and the Treasury Department.

Nutter's Request for Federal Aid to Cities Gains Support

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Mayor Nutter's effort to get more federal aid for cities is moving forward. Yesterday, top city administrators -- including Budget Director Steve Agostini and Finance Director Rob Dubow -- hosted a conference call with officials from cities around the country to talk about municipal fiscal woes.

On the call were chiefs of staff and budget personnel from Dallas, Phoenix, Los Angeles, Cleveland, Baltimore, Miami, Milwaukee and Minneapolis. They talked about Nutter's request that the federal government make some of the $700 billion bailout package available to cities -- so that cities could borrow to shore up pension funds, run their governments and start infrastructure projects.

Many cities, like Philadelphia, are facing devastating budget shortfalls due to low tax revenues and poor performance of pension fund investments. Nutter spokesman Luke Butler said the other cites expressed support for the request for federal aid. The next step will be a conference call between the cities and the Treasury Department.

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William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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