May 17: Sheriff’s Office can’t track funds | SEPTA delays budget votes | Squilla wants community group protection | Nutter sets $31M aside for firefighters’ arbitration | 3rd Ward opens

Happy Friday Streeters! 

The Philadelphia Sheriff’s Office doesn’t have an accounting system despite the fact that tens of millions of dollars flow through the office annually and that the office has a notoriously troubled financial management history. Axis Philly is investigating. 

The SEPTA board has delayed its vote on the capital and operating budgets until June 27, three days before the current budgets expire. SEPTA hopes the state will come through with more money before the board votes. The proposed operating budget has a $38 million deficit, and the proposed capital budget leaves new vehicles and repairs to electrical substations and subway stations to be desired. Fare increases are still expected to begin July 1. 

As the Old City Civic Association disbands, Councilman Mark Squilla said he wants to protect other community groups from similar fates. 

Mayor Nutter’s budget proposal has set aside $31 million incase the City is forced to pay as a result of the drawn out firefighters’ arbitration, the Inquirer reports.

Philadelphia’s newest coworking space, 3rd Ward, is officially open, NewsWorks reports, and thanks to the millions of dollars the Brooklyn-based company spent renovating its new Philadelphia branch, NewsWorks calls 3rd Ward Philadelphia’s prettiest coworking space to date.

The Buzz is Eyes on the Street’s morning news digest. Have a tip? Send it along. 

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