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Monday, October 6, 2008

Phillies could mean $20 million for economy


Link: Phillies playoff push could be home run for city finances

"The estimated figure includes visitor spending and direct city tax revenues only, and does not incorporate additional spending by area residents in response to the Phillies playoff run. An extended post-season run could generate more than $17M in direct spending from visiting fans, media, sponsors and Major League Baseball partners. In addition, the City of Philadelphia could reap up to $3M in direct revenues if the Phillies post-season run continues through the World Series via various taxes (i.e. amusement, sales, parking and hotel room tax)."
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Every year, city government spends slightly more than $4 billion. Where does all that money come from? More importantly, where does it go? Are we getting the most bang for our tax buck? “It's Our Money” is a joint project between Philadelphia Daily News and WHYY, funded by the William Penn Foundation, designed to answer these questions.




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