Philadelphia gets unexpected tax windfall
Listen
The city of Philadelphia had a good year for tax collections.
“It looks like it’s going to be a $85 million positive gain for bottom line of the city,” said First Deputy City Controller Bill Rubin.
Where did the extra cash come from?
“It came from real estate transfer taxes, it came from business taxes,” Rubin said. “Basically it looks like people spent more money the economy is starting to rebound and you are seeing the poverty level go down and it’s a positive thing for the city.”
Rubin says the unexpected money goes directly into the city treasury.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Chestnut Hill College grad among those killed in New Orleans attack
Officials have not yet released the names of the 14 people killed in the New Orleans New Year's Day truck attack, but families and friends have started sharing their stories.
3 hours ago
Eagles coach Nick Sirianni set to rest Saquon Barkley in finale and end chance at NFL rushing record
“Everybody would like to have the record,” offensive tackle Lane Johnson said. “We'd also like to have the player for a playoff game, and win a playoff game with him.”
14 hours ago
Walking with goats in Philly to start the new year off right
Executive Director Karen Krivit said the New Year’s Day walk started about four years as a “fun idea,” only to see it explode in popularity over the last two years.
1 day ago