Updated: Monday, October 20, 2008, 9:39 AM
The City of Philadelphia is facing a budget shortfall of $650 - $850 million over the next five years. Problems in the national economy are trickling down to Broad Street and causing drop off in tax revenue. Mayor Michael Nutter has made clear that everything, from slowing tax cuts to reducing services, is being considered.
Three freshman council-members responded to the crisis by offering a plan to save $50 million without cutting services or slowing tax cuts. In fact, the three council-members say these ideas should be enacted before Nutter considers doing either.
You can read the details of the plan in an op-ed in today's Daily News. What do you think of their ideas? How can the city best deal with the coming budget crisis?
Read full story: Freshman 15: 15 ways to save $50 million