- This site has had enough Media courthouse stories, without any real ability to know if they are true.
- The District's South Philly High story unravels
- Meehan tries hard to make lemonade from lemons
- Re-published: Special Investigator Probes Possible MEDIA COURTHOUSE- Jehovah's Witnesses, Abuse Scandal
- no snitchin
- Taxi Workers, Nurses and Jobs: Big day in Philadelphia tomorrow
- So, got any plans for this weekend?
- Representative Chris Carney: Keep standing up for us, not the insurance companies
- Representative Jason Altmire: Listen to us, not the insurance companies
- 9th Ward Democrats "WEAR"N OF THE GREEN" St. Patrick's Party Fundraiser this Friday Night
city fiscal crisis
Stunning Wage Tax Revenue Growth Threatens To End City Fiscal Crisis
Submitted by RepMarkBCohen on Wed, 12/17/2008 - 6:29am.Just as the battle lines are hardening, newly compiled figures on wage tax revenue growth threaten to end the battle over the mayor's proposed cuts by giving the mayor a good reason to delay them.
For the first five months of the current fiscal year, buoyed by a strong showing in November, wage tax revenues are $24,404,000 OVER projections. Assuming the $4,881,000 per month surplus over expectations continues through the remaining seven months of the fiscal year, the city would wind up with a $58,571,000 surplus above expectations in wage tax revenue for the fiscal year.
That is not the most optimistic way to make the projections. The city is collecting wage taxes at the rate of $125,141,400 a month. Assuming that monthly pace continues, the the city will wind up $342,978,000 AHEAD of its total revenue projection of $1,158,586,000.


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