When Mayor Nutter introduced his budget he acknowledged several “major financial challenges” facing the city. We prefer to think of them as lurking monsters.
The city budget is like that old mansion at the top of the hill, for sale at an astonishingly low price. It’s balanced, in theory. But there’s terror within, threatening to cause more tax hikes or service cuts.
Over the course of the next few days, It’s Our Money will introduce you to the beasts hiding in the budget. Before we meet the monsters, though, let’s take a look at the big picture. Think of this as your tour of the mansion with the real estate agent, before the horror show begins.
Where the city’s money comes from next fiscal year in Nutter's proposed budget:
Where the city’s money goes next fiscal year in Nutter's proposed budget:
(Source: City’s five-year plan)