The financial advisor guiding the administration through the proposed sale of the city-owned natural gas utility now predicts a potential sale price of between $1.45 billion and $1.9 billion.
Rob Dubow says the Philadelphia school district’s budget woes could get worse if City Council doesn’t approve a bill to make permanent the once-temporary hike in the sales tax.
“It was apparent that over time it made much more sense financially to sell the garage than to continue to own it and get that million or so dollars a year,” budget director Rebecca Rhynhart said.
City Council committee has given initial approval to a bill that staves off next year’s property tax bill for those who are still in the process of appealing the new assessment.
Their frustration was evident in a speech made at the hearing by at-large councilman Denny O’Brien (at left in photo).
The Nutter administration says the controversial fire department policy of station “brownouts” will continue even if City Council appropriates extra money to eliminate them.
DA Seth Williams went before City Council’s budget committee today asking for an extra $2.75 million above the nearly $32 million that Mayor Nutter has proposed for the district attorney’s office.
Supporters of Philadelphia’s vast Fairmount Park system packed City Council chambers on Tuesday, urging the lawmakers to restore park system funding that has been cut in recent years.
Over the objections of the mayor, Philadelphia City Council has given preliminary okay to a $200 annual property tax rebate for condominium owners, because some use private trash haulers.
It is not a big-ticket item in Mayor Nutter’s new budget, but police hope some new cash for rewards could help them solve the worst crimes.
Mayor Michael Nutter’s new budget includes extra cash for Fire Department overtime. However, that does not mean he is changing his policy of rolling, temporary closures of fire stations.
After two straight winters in which snow removal costs topped $10 million, Mayor Nutter is, in his new budget, setting aside $4 million for next winter’s snow costs.
The money will be used to hire 80 new property assessors and to upgrade and retool the computerized assessment system that officials now believe yielded flawed results.