City passes $3.8 billion budget
The Philadelphia City Council unanimously passed the city's $3.8 billion budget for fiscal year 2010 on May 21, with key aspects of the budget awaiting approval from the state legislature. The approved budget closes a $1.4 billion gap in the city's five-year financial plan by increasing the sales tax by 1 percent, deferring pension payments of city employees for two years and stretching payments to the pension fund from 20 to 30 years.


