Philly Clout: Worse budget numbers coming
Nutter: More bad news coming Link: Nutter Says Budget Update Coming Soon [PhillyClout]
Philly Clout: Worse budget numbers coming
"It could be in the course of this week," Nutter said of the announcement. "Don't have the final, final numbers yet and that's what we would use to make our projections for the rest of FY09 and the five year plan. I can tell you, unfortunately, things have continued to deteriorate and it is of great concern."
Back in November, Nutter put the deficit at $1 billion over five years -- prompting the city to announce a cost-cutting plan that included laying off city workers, closing libraries and pools and delaying tax cuts. Due to a further decline in tax receipts, Nutter has said the budget gap has grown, but has not yet released an exact figure.
