Wonder what's going on with all that stimulus funding in Philadelphia? Check out today's Daily News, which has an update on how the money is being spent. We also answer another question: What happens when the money runs out?

OVER THE past two years, more than a billion dollars from the federal stimulus program has poured into Philadelphia to help pave roads, hire cops, renovate SEPTA stations, rehab public housing and prevent teacher layoffs.

But time is running out on that money. Starting next year, many of the grants given to local government agencies, universities and nonprofits expire. A substantial amount of money used to prop up the state government will also sunset.

And looking ahead to life after the stimulus isn't pretty.

Check out the rest of the story here.

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