New Jersey Officials Wrestling With State’s Tax Revenue Shortfall
New Jersey’s economic recovery has not been as robust as state forecasters had anticipated. As a result there is a revenue shortfall, the size of which is now being debated by legislators in Trenton.
Natural Gas Pickup Truck Makes Brief Visit to a Montco Dealership
The conversion runs nearly $10,000 extra but the natural gas equivalant costs about $2 less than a gallon of gasoline, according to promoters.
Philadelphia City Council Feels Squeeze of Budget Deadline Amid Open Questions
The mayor’s budget hinges on state approval of a homestead exemption, and separately, gaining the ability to adjust the split of property taxes between the city and the school district.
Pennsylvania House Passes Bill To Allow Tax-Free Airplane Purchases & Repairs
The state House has passed and sent to the Senate a bill that would have Pennsylvania join several other states that extend sales tax exemptions to airplane purchases and maintenance costs.
Dish Network’s ‘Hopper’ Has TV Executives Seething
Dish Network is out with a new feature for its DVR that makes it simple to skip all the commercials. ‘The Hopper’ has TV networks hopping mad.
Philadelphia Parking Authority’s Airport Bonds Get An Upgrade
Standard and Poor’s is raising its rating on the authority’s airport parking revenue bonds from A- to A.
Work Begins On Lafayette Street Extension Into Norristown
Montgomery County officials have broken ground on a long-awaited road construction project designed to improve access to the Norristown area.
Author, CEO: Outside Forces Pushing US Stock Markets Over The Edge
Stock prices have been volatile enough without worrying whether someone is making markets wobble or decline on purpose. But, that’s just what a veteran stock portfolio developer says is happening.
Philadelphia Councilman Wants To Put Prison Inmates To Work
Insisting it won’t be the modern-day equivalent of a chain gang, a city councilman is calling for hearings on the idea of paying inmates of Philadelphia prisons to work on streets and in the parks.
Pennsylvania Shows Slight Improvement In Numbers Of Teen Jobless
Unemployment figures for April 2012 show that teen jobless rates are up to almost 25 percent nationwide. But some states, like Pennsylvania, are showing better numbers.
New Jersey Tax Revenue Figures Come Up Short–Very Short
Recently released tax revenue figures in New Jersey are giving leaders second thoughts about all the economic recovery talk in the state.
‘Facebook Friday’ Brings In $16 Billion For Social Media Company
The IPO was one of the largest in history, bringing in $16 billion for the company that was founded in a Harvard dorm room eight years ago.
Montco Apartment Complex Declared Unfit, Residents Forced Out Quickly
U-Haul trucks filled the parking lot at Washington Towers on Bethlehem Pike on Friday as residents loaded up their personal belongings. They were given two days to pack up after township officials determined that mounting code violations made the building unsafe.
Ocean City, NJ Shore Mansion Up For Absolute Auction Sale This Weekend
The 7,000-square-foot Victorian-style mansion overlooking the bay originally was listed for $6½ million. But that was two years ago.
Opponents of Planned New, Tolled Scudder Falls Bridge Gather For The Fight
There’s a move afoot in Trenton to cancel the plans for construction of a new, tolled Scudder Falls bridge where I-95 crosses the Delaware River.
