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Eye on the Economy






Reports from WHYY


Non-profit water bill discount escapes repeal

March 11, 2009

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.



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Senate Majority Leader worries budget deficit may be larger than expected

March 11, 2009

Pennsylvania's Senate Majority Leader says he's worried the state may be facing an even bigger deficit than expected. WHYY's Scott Detrow reports.



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Corzine budget includes wage freeze and furlough for workers

March 10, 2009

Governor Corzine has delivered his budget address for the fiscal year beginning July 1. WHYY's Tom MacDonald reports the plan contains $4 billion in spending cuts.



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Rendell stretches out the safety net for PA residents

March 10, 2009

Governor Rendell says he is taking action to help Pennsylvania residents suffering through the bad economy. WHYY's Scott Detrow reports.



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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.



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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.



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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.



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Tax abatement could go green

March 6, 2009

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.



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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.



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Deleware takes steps to balance budget

March 6, 2009

A crucial step in balancing Delaware's budget is now complete. Budget hearings between all state agencies and the joint finance committee wrapped up yesteray, as WHYY's Bill Cook reports.



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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.



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Marketplace Whiteboard Videos


Understanding a poor economy can be pretty entertaining. Watch the Marketplace Whiteboard video series below.






Reports from NPR