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Tougher Times Ahead for City Finances?

Mayor Nutter has announced a 3:30 p.m. press conference to talk about the city's financial situation. Last month he said the city faces a $450 million funding shortfall over five years. Today we reported the city may have trouble getting a short term loan to pay the bills. What's next? Here's the release. We'll update after. MAYOR NUTTER TO PROVIDE UPDATE ON CITY’S FINANCIAL SITUATION WHO: Mayor Michael A. Nutter Dr. Camille Barnett – Managing Director Rob Dubow – Finance Director Stephen Agostini – Budget Director WHAT: Mayor Nutter will provide an update to his September 11th statement on the city’s budget situation in light of recent events in the national and international financial markets. WHERE: Cabinet Room, Room 221, City Hall, Philadelphia WHEN: Wednesday October 8, 2008 3:30 pm

Tougher Times Ahead for City Finances?

Mayor Nutter has announced a 3:30 p.m. press conference to talk about the city's financial situation. Last month he said the city faces a $450 million funding shortfall over five years. Today we reported the city may have trouble getting a short term loan to pay the bills. What's next?

Here's the release. We'll update after.

MAYOR NUTTER TO PROVIDE UPDATE ON CITY’S FINANCIAL SITUATION


WHO: Mayor Michael A. Nutter
Dr. Camille Barnett – Managing Director
Rob Dubow – Finance Director
Stephen Agostini – Budget Director

WHAT: Mayor Nutter will provide an update to his September 11th statement on the city’s budget situation in light of recent events in the national and international financial markets.

WHERE: Cabinet Room, Room 221, City Hall, Philadelphia

WHEN: Wednesday October 8, 2008 3:30 pm

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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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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