Stewart M. Weintraub of Chamberlain Hrdlicka Philadelphia's Pandemic Budget: Drawing From Reserves and Tax Hikes
As a result of the COVID-19 pandemic, the city of Philadelphia encountered a double-barreled budget attack. To combat the pandemic, the city's costs sky-rocketed and its tax collections dropped leaving the budget out of balance by approximately $650 million (see May 5, 2020, Revised Budget Message by Mayor James Kenney).
August 05, 2020 at 11:17 AM
5 minute read
As a result of the COVID-19 pandemic, the city of Philadelphia encountered a double-barreled budget attack. To combat the pandemic, the city's costs sky-rocketed and its tax collections dropped leaving the budget out of balance by approximately $650 million (see May 5, 2020, Revised Budget Message by Mayor James Kenney).
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