Saturday, October 25, 2014
Inquirer Daily News

Well, that hurts

Things are looking up for major American cities, according to an analysis of the Census Bureau’s American Community Survey done over by suburban scholar Bill Lucy.

Well, that hurts

Things are looking up for major American cities, according to an analysis of the Census Bureau’s American Community Survey done over by suburban scholar Bill Lucy.

The study, highlighted over at Discovering Urbanism (go there to see a good chart), found that a trend of reinvestment in urban centers throughout the country is continuing, and city residents are becoming richer in comparison to their suburban counterparts.

That is, all except for two: Detroit, which has had to deal with the collapse of the Big Three automakers (and is just generally Detroit) and ... Philly. Even Washington, which saw its share of disinvestment, has reached income parity with its suburbs.

Discovering Urbanism doesn't speculate about why Philly might be lagging behind here. Neither does Planet Money.

Philly has the second-highest poverty rate of major cities behind Detroit, (so we have more digging out to do) and also a very high tax rate. Whatever the issue, we haven't created a new tax base that's competitive, it seems.

Review city services on our sister site, City Howl.

About this blog
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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