The city's financial watchdog today declined to approve - or reject - Mayor Nutter's "doomsday" budget plan.
In its place, the Pennsylvania Intergovernmental Cooperation Authority conditionally approved another financial plan, one that buys the city more time to gain Harrisburg's OK for two measures that would pump $700 million in revenue into Philadelphia's five-year spending plan.
The conditionally-approved plan assumes the state will allow the city to raise the sales tax and defer pension payments for two years - and gives the state until Sept. 18 to act. That's the day that Nutter has vowed to mail layoff notices to 3,000 employees, unless the legislature makes a move.
If the state still doesn't act by then, the city must resubmit the doomsday plan - known as Plan C - to the authority.