‘A deep freeze’: Mortgage rates and home prices are sidelining Philly homebuyers

Organizers say that residents can’t budget their way out of poverty and would benefit from a cash influx and an economic mobility counselor.

Mayor Cherelle Parker said it’s about balancing the city’s books during a time of financial uncertainty while offering some relief to businesses.

The commission is recommending sweeping changes that would reduce taxes on employees and significantly cut business taxes.