Philadelphia City Council has decided not to end a decades-old discount that the city's non-profits receive on their water and sewer bills. WHYY's Susan Phillips reports that the heated discussion on Tuesday could be a sign of things to come.
NJ Assembly raises concern over corruption and stimulus
March 9, 2009
The state of New Jersey stands poised to receive millions in federal stimulus money. Members of the Assembly Budget Committee, which met today, want to make sure the money is spent right. WHYY's Tom MacDonald reports.
Philadelphia's non-profits risk loosing break on water bills
March 9, 2009
Philadelphia's non-profits have enjoyed a break on their water bills since the 1980s. Now with the city facing a budget crisis, some think its time to turn off the tap. City Council will hold a hearing on the issue tomorrow. WHYY's Susan Phillips reports.
Pennsylvania zoos again targeted for budget cutbacks
March 9, 2009
Pennsylvania zoos are again targeted for proposed budget cutbacks by the Rendell administration to the tune of 2.2 million dollars for the upcoming fiscal year. Zoo directors say it's an annual threat but the General Assembly always restores funding. This year may be different, as WHYY's Scott Detrow reports.
As the city searches for ways to address the budget crisis, grumbling is increasing over the city's ten year tax abatement. A new City Council proposal would raise the bar on those tax breaks by attaching green-building requirements. WHYY's Susan Phillips reports.
Mayor Nutter says it will be difficult to avoid tax increases
March 6, 2009
While Philadelphia Mayor Michael Nutter is a longtime critic of the city's high taxes, he says it is "virtually impossible" to avoid new fees and tax increases when he presents his budget proposal to City Council on March 19th. WHYY's Susan Phillips reports.
Advocates protest Eagles owner over money owed to city
March 5, 2009
One of the options on the table to balance the budget during the recent budget forums was an outstanding eight million dollar payment from the Philadelphia Eagles. WHYY's Tom MacDonald reports the city shouldn't count on all that money coming their way.
It is widely held that repairing the crumbling housing market is crucial to our nation's economic recovery. Last week, the administration announced its $75 billion Homeowner Stability Initiative that the President says will keep as many as 9 million people from losing their homes. Wharton professor SUSAN WACHTER talks with Marty about why me must and how we can fix the housing market.
Every day, we make many decisions that affect our economy, from purchasing a snack and a cup of coffee to purchasing a car or a house. But with the economy in trouble and the constant flow of more bad news, people have become afraid of what's going to happen, and have cut back tremendously on spending. So as the economy affects our lives - how do we affect the economy? What happens in our brains that makes us save, spend, or shut down when faced with economic adversity? Join Dr. Dan Gottlieb on this special edition of Voices in the Family, when we'll discuss how our brain chemistry affects economic decisions. Our guest is Dr. Paul Zak, Director for Center for Neuroeconomic Studies at Claremont Graduate University in California. We'll also hear from greed expert Tim Kasser, who is an Associate Professor of Psychology at Knox College in Illinois. He is also the author of The High Price of Materialism and the editor of the book Psychology and Consumer Culture.
The decision about whether to enjoy the current year tax benefits of a traditional IRA or the future tax benefits of a Roth IRA is a tough one even in the best of times. Personal finance expert Jeff Brown goes through some reasons why the conversion may be beneficial now.
Visit WHYY contributing writer Jeff Brown's website at jeffbrownfinance.net to contact Jeff and ask questions about your household budget.
It's Our Money
Every year, city government spends slightly more than $4 billion. Where does all that money come from? More importantly, where does it go and are we getting the most bang for our tax buck? More information »