Quote:
Originally Posted by PHLtoNYC
Philly finished the budget year with an unexpectedly high $492.4 million financial cushion
https://www.inquirer.com/politics/ph...-20220817.html
Philadelphia finished last budget year with $405.8 million more in unspent cash than it had projected due to unexpectedly strong revenue from the business and real estate transfer taxes, a new city report shows.
The city had a total of $492.4 million leftover from its $5.5 billion when the 2022 fiscal year ended on June 30, according to the most recent Quarterly City Manager’s Report.
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Assuming that was all QOL-related funding. Its great and all that we end the year at a surplus, but not after considering the crumbling streets, rec centers, parks, schools, etc.