Are brighter days ahead for the city budget? In an interview out today with WHYY's Dave Davies, Mayor Nutter said that the city's finances may finally be recovering from the prolonged recession.
"For the first time in about two years, we've actually achieved budget stability here at the city level," said Nutter.
Nutter went on to say it only happened after the city took many painful steps to fill a $2.5 billion budget deficit in the five-year financial plan.
"It took a long, long time. We had to reduce the size of the workforce. We did have to cut some services," said Nutter. "We did have to raise some taxes, and fees, and fines, all kinds of things."
Nutter also predicted that the next budget, likely to be proposed sometime in March, will not include any major tax increases or service cuts. We're hopeful that will be the case, but we'd recommend the Mayor keep one eye on Harrisburg. Gov.-elect Tom Corbett has promised to trim state spending, and that could have serious ramifications for the city budget, especially agencies like the Department of Human Services or Health Department.
The rest of the interview covers casinos, the upcoming election, and the Kensington strangler. Check out the whole thing by clicking here.