philadelphia budget

Revenue for the City of Philadelphia is only about $120 million off its pre-pandemic figure of $4.9 billion, but city budget officials blame for fixed costs for the second year of a deficit in the ballpark of $500 million.

Janet Yellen, President-elect Joe Biden’s choice as Treasury secretary, made the case for aggressive economic relief during her confirmation hearing, urging Congress to “act big” to fight the financial fallout from the coronavirus pandemic.

Police cuts are among the budget proposals Philadelphia City Council is discussing Thursday. NBC10’s Miguel Martinez-Valle reports

On the third weekend of protests in Philadelphia – in the wake of George Floyd’s death May 25 death in Minneapolis police custody – marchers expressed aims to cut funding to the Philly department, and diverting the money to other services. Carrying a variety of signs, including one that read “Unite Against Racism,” organizers of one march gathered at Broad…

A group gathered at Broad and Callowhill, the future site of the police headquarters. NBC10’s Steven Fisher reports.

Less than a quarter of the money Philadelphia allocated to the coronavirus response has been spent, but city officials say the money will likely be used.