If Harrisburg fails to approve two key elements of Philadelphia’s budget: a temporary 1% hike in sales tax and the restructuring of the pension program, Nutter’s “Plan C” could cause some extreme budget cuts.
Philly’s municipal workforce could be cut by 13% (3,000 jobs) which would mean the loss of nearly 1,000 positions in the Police Department, and 200 positions in the Fire Department. In addition to that, Nutter announced a series of other substantial cuts- for a complete breakdown of what could be ahead: http://www.nbcphiladelphia.com/news/politics/A-Rally-for-Tax-Hikes-Pension-Cuts-52106317.html
Tags: budget, consumer, economy, job cuts, unemployment
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