Thursday, September 3, 2015

Pew Puts Out Report On How Other Cities Are Handling Recession

The Pew Charitable Trusts this morning released a report which details how 13 different cities have been dealing with the impact of the recession. According to the press release, Philadelphia was the only city implementing broad-based tax increases for the second year in a row, but most cities are making cuts and looking for new revenue. From the release:

Pew Puts Out Report On How Other Cities Are Handling Recession

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The Pew Charitable Trusts this morning released a report which details how 13 different cities have been dealing with the impact of the recession. According to the press release, Philadelphia was the only city implementing broad-based tax increases for the second year in a row, but most cities are making cuts and looking for new revenue. From the release:

As of late May, Philadelphia was alone among the 13 cities in increasing broad-based tax increases for a second year in a row, adding a two-year property tax hike beginning in fiscal year 2011 on top of a five-year sales tax increase that began in fiscal 2010. But all of the cities are scrambling to find new or additional revenue streams. Most of the cities intend to boost a variety of fees and targeted taxes. Several are looking at selling or leasing assets such as parking garages. For four cities, new or expanded casino gambling is being discussed for fiscal 2011 or beyond.

To read the report click here.

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About this blog
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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