Rob Dubow

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Philadelphia Reports Budget Surplus, Albeit Miniscule, For Fiscal Year 2011

The City of Philadelphia’s finances are so bleak these days that when a very slight budget surplus appears, officials call a news conference to crow about it.


(Rob Dubow, back to camera, at last week's meeting of the Philadelphia Pension Board.   Credit: Mike Dunn)

Philadelphia Pension Board Puts Sidelined Millions Back Into Equities Markets

The proceeds of more than $40 million in stocks sold off last week by the city’s pension fund, when the global markets were in chaos, is now being reinvested.


Wall Street

State and Local Officials Wary Of Possible Budget Fallout From Latest Stocks Meltdown

The turmoil in financial markets could quickly filter down to the budgets of the Commonwealth of Pennsylvania and the City of Philadelphia, with officials at both levels facing difficult decisions.


file photo (by KYW's Tim McLaughlin)

Philadelphia Making Up For Lost Time With Property Tax Assessments

The long-running confusion over the city’s system of assessing property values was again front and center as City Council began its review of the mayor’s budget. The question: what happens when the latest tax hike gets rolled back?


(Mayor Michael Nutter.  File photo)

Mayor Nutter Delivers Philadelphia Budget On Thursday

The budget that Mayor Nutter is expected to deliver is expected to be a relatively pain-free spending plan. However, bad news from Harrisburg or D.C. in the future could change that.



February’s Record Snowfall Nets Philadelphia $1.8 Million In FEMA Aid

The Federal Emergency Management Agency agrees with the rest of us, last February’s record-setting snowfall was a disaster


(file photo / Credit CBS3)

City Finance Director Delivers Glimmer Of Hope On Budget

Mayor Nutter’s Finance Director delivered a glimmer of optimism to city council about the city’s cash-starved budget along with a large dose of caution.