budget

A 4% property tax increase proposed by Philadelphia Mayor Jim Kenney in his revised budget released last month is no longer needed, Kenney wrote in a letter sent Thursday to City Council.

Council needs to decide whether to raise property taxes to help the district navigate troubling financial times, or find another way to usher schools through the COVID-19 pandemic.

The School District of Philadelphia is asking city leaders to keep schools off the chopping block for the next fiscal year. NBC10’s Stephanía Jiménez explains.

Higher taxes and fewer services are both in a revised budget Philadelphia Mayor Jim Kenney plans to reveal Friday. NBC10’s Matt DeLucia has the details.

The debate over supervised injection sites continued during Mayor Kenney’s budget plan speech at city hall on Thursday. Groups on both sides of the issue let their voices be heard. NBC10’s Matt DeLucia has the details.

Mayor Jim Kenney presented his fifth Philadelphia budget Thursday, proposing no new taxes while increasing funding for programs like community college scholarships, housing assistance and anti-opioid use. The $5.2 billion spending plan finds more funding thanks to expected increases in existing revenue streams like the city wage, property and business income taxes.

Philadelphia Mayor Jim Kenney announced a new budget proposal that does not include new taxes in Philly this year. This new proposal opens more opportunities for schools and safety in the city. NBC10’s Matt Delucia has more details on Mayor Kenney’s new plan.

Mayor Jim Kenney reiterated his support for supervised injection sites in Philadelphia, and proposed increased funding for anti-opioid abuse programs in the 2020-2021 budget during his annual address. A protester called him a “sneak” repeatedly for the way the city’s first proposed injection site was announced for South Philadelphia.

Mayor Jim Kenney wants to ramp up the Philadelphia Office of Sustainability and his Greenworks initiative by increasing spending on climate change prevention. He also pledged continued support by his administration of the Paris Climate Accord.

Mayor Jim Kenney will give his fifth Philadelphia budget address Thursday, proposing no new taxes while increasing funding for programs like community college scholarships, housing assistance and anti-opioid use. The $5.2 billion spending plan finds more funding thanks to expected increases in existing revenue streams like the city wage, property and business income taxes.

Philadelphia is working to determine what to do with nearly two dozen schools in the city and closing some is an option. NBC10’s Drew Smith was at a rally in North Philadelphia where community organizers are fighting to save their schools.

President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. It will cost a middle-income married couple an average of $233,610 to raise a child from birth through age 17, according to 2015 data from the U.S. Department of Agriculture. In fact, your child is costing...

President Donald Trump has signed off on nearly $1.4 trillion in spending that will keep the government funded through Sept. 30. The spending measures add roughly $400 billion to the deficit over the next decade. They include money for the president’s U.S.-Mexico border fence, pay raises for military and civilian federal workers, and funding for election security grants.

The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years. The 26% surge from the 2018 deficit of $779 billion that the government reported Friday reflected such factors as revenue lost from the 2017 Trump tax cut and a...

Pennsylvania’s new $34 billion budget is serving up a mixed bag that has both liberals and conservatives claiming some victories while feeling disappointed in other areas. Experts break down the budget and discuss some of the main issues, like the fact that it doesn’t raise the minimum wage.

In Pennsylvania, good fiscal times may not necessarily mean good fiscal condition.

With strong tax collections oiling the gears, Gov. Tom Wolf and leaders of the Republican-controlled Legislature are working under the hood of a new spending plan as they head into the final weeks of voting sessions before lawmakers break for summer.

With two months until city elections, Mayor Kenney’s address Thursday morning presented a “grand, five-year vision” that could have doubled as a stump speech.

A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing. “Tax refunds will go out,” Vought said.