Philly Suburb Cities Feeling the Pinch

Townships surrounding Philadelphia have managed to survive the recession until now, but city coffers are now going into the red and cities are being forced to take action.

"Township finance experts repeatedly use the "perfect storm" cliche to sum up this year's predicament.

A dormant real estate market has dried up commercial and residential transfer-tax revenues, a staple of most local tills. Rising unemployment has put an added hit on earned-income taxes levied by many municipalities.

Building permits are in the tank, pension obligations are soaring, rainy-day funds are being depleted, and residents - their personal budgets similarly strapped - are in no mood for tax increases."

Full Story: Suburban governments wrestle with deficits

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00

NEW! Get the "Green Bible"

Understand the complexities of planning at the local level while preparing for the AICP* exam. Find out why this edition is included in the APA's recommended reading list.
$105