Morning Money: Short-term gain, long-term pain

The state’s unemployment rose slightly, to 8.9 percent.

Philly isn’t the only place in the state where property taxes are a contentious issue — some residents of Cumberland County are complaining about sharp increases in assessments.

Cherry Hill residents are afraid that the $6.1 million in cuts its school district has imposed will hurt education.

Arizona became the first state to eliminate its Children’s Insurance Program to try to close a big budget hole. In the long run, the state stands to lose hundreds of millions of dollars in federal matching money.

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