Tuesday, July 7, 2015

Podcast: Darrell Clarke discusses selling city assets

Soon, the city might sell off some public property - like the garage under Love Park - to deal with these tough fiscal times.

Podcast: Darrell Clarke discusses selling city assets

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Soon, the city might sell off some public property — like the garage under Love Park — to deal with these tough fiscal times.

Mayor Nutter has created a task force to look at the possibility of selling public assets, among other things. And new Council President Darrell Clarke supports asset sales too, in order to pay off the city's debt and avoid more tax hikes.

We talked to Clarke for this week's podcast to find out what the city might sell and how much money the city could make from a transaction. And we asked him if the potential sales could be used to shore up the pension fund. To find out what he said, listen to this week's It's Our Money podcast.

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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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