Sources: Nutter To Deliver ‘Status Quo, Safe’ Budget
PHILADELPHIA (CBS) – Unlike this last two years, don’t expect many surprises from Philadelphia Mayor Michael Nutter when he unveils his new budget this week.
Sources tell Eyewitness News that the mayor will likely propose a status quo, safe, election year budget when he goes before City Council Thursday. That means no new taxes or tax increases and no dramatic cuts.
The budget is a big shift from the past two years when the mayor proposed property tax increases, a sales tax increase and a tax on soda and other sugar-sweetened beverages. During the worst of the recession, Philadelphia faced a deficit that ran as high as $2 billion over five years. That deficit was closed through a combination of tax increases and spending cuts.
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